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ES - still holds a bearish setup
ES came back up to retest the broken bearish wedge from below. The micro structure of this rally is not clean. I keep counting this rally as a corrective wave ( b ) up after the first leg down in wave ( a ) down off the top. It can keep grinding to 2,946 to make a lower high while Russell will catch up and make a higher high it needed to complete rally off Dec 2018 low. After that corrective rally in wave ( b ) up we should get another decline in wave ( c ) down.
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