Beginning a new bull channel
Updated
Looking for the formation of a new broad bull channel for the ES mini. This is what may happen...Stay tuned.
Comment
Tomorrow and Friday will tell if this idea will work out. If we do get a bounce from the April 26th support levels, it could setup a big move to the upside - I think to the 4326 area. If we do break below the 4080 level on the Daily, we'll likely get a big MM to the downside. If the happens, I'd like to see a target near the bottom of the big trading range (around 3875).
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