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ES - this corrective decline can be a good a long opportunity
Yesterday ES completed W-X-Y corrective decline off the top made on 1 May.
Off the low yesterday we saw an impulsive rally which I count as wave a up. Then overnight we got a corrective looking decline in wave b down. That b down retraced 76.4% of the mini rally we saw yesterday. From this morning lows we may see another rally in subwave c up targeting 2,900-2,915. If price drops under the low yesterday that would be invalidation of the setup.
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