That is a report posted for my subscribers at 3:15 PM on Friday. At that moment ES traded at 2,877.25. This morning it is traded at 2,830. I warned my subscribers that the rally was corrective and it was a good time to drop longs. And I shared my expectations for another decline.
ES entering resistance zone
ES has played another a up (rally yesterday), followed by b down (drop in the morning) followed by wave c up (the current rally).
As you can see on the chart attached that a-b-c is entering a supply zone.
If you watched my video yesterday you may know I consider that a-b-c as a wave X up, a corrective rally before another decline. Therefore, I would be cutting longs in that red zone.
ES 3000 ticks updated at 3:10 PM on 5/10/2019
