To provide us with the first confirmation that ES made an important low this morning Bulls have to push higher overnight and test 4,650 resistance. That push higher would complete the first five wave up micro structure.
If, in contrast, bears manage to push ES under 4,622 without making a higher high that would leave us with a corrective looking three wave up bounce.
That means bears will remain in control and will be able to push ES under 4600 tomorrow.
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