At 11:15 AM on Friday I send out the report below showing my subscribers a short setup. Back then Es traded at 2,886. During the following four hours ES was on a steady decline and closed the day at 2,860, 26 points lower.
ES - a short setup with a tight stop
As long as ES stays under yesterday’s top it looks like a short setup with a tight stop
we got wave i down into open followed by a corrective rally ii up. From here it may start dropping again in wave iii down…
ES - 4,500 tick bar chart at 11:15 AM on 5/17/2019
