A Few Bounces Left

A Few Bounces Left

It's a game of a few bounces now. First ES will open above support at 1175. If ES bases/holds above 1175 for ~30min then a rally to backtest trendline A ~1183 will most likely occur. I expect ES to fail this backtest and drop to support from trendline B. ES may bounce at trendline B, but any bounce from trendline B should this time be limited to 1175 on the upside. If ES is unable to break through 1175 following a bounce of trendline B, then we'll be at 1130 shortly.

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