ES has broken down majorly relative to previously posted chart idea.
We are currently in a bear flag setup on the hourly
Bulls NEED to break around the 4430 mark and needs decisive volume on the hourly close with consolidation and push past this current channel it is in.
Right now, ES is bouncing off of the channel supports but is currently making LOWER highs. NOT a good sign at all.
It's chop city in these parts until one of the lines break (resistance overhead at ~4430) (support under at ~4250-4200).
We are currently in a bear flag setup on the hourly
Bulls NEED to break around the 4430 mark and needs decisive volume on the hourly close with consolidation and push past this current channel it is in.
Right now, ES is bouncing off of the channel supports but is currently making LOWER highs. NOT a good sign at all.
It's chop city in these parts until one of the lines break (resistance overhead at ~4430) (support under at ~4250-4200).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.