Potential short or consolidation building on ES_F
black lines - resistance zone, still holding
red lines - resistance zone, retested and still holding
blue lines - old support (zone), new resistance
middle green line - old support, new resistance
Anything short of creating a new all time high could result in bears taking control with 2 target levels.
The less likely scenario is that price will make a pretty trendy bear move down to the 1725'ish area.
The more likely scenario is that price will go back and forth between the zone of black lines, and the zone of lighter blue lines around low 1800's.
red lines - resistance zone, retested and still holding
blue lines - old support (zone), new resistance
middle green line - old support, new resistance
Anything short of creating a new all time high could result in bears taking control with 2 target levels.
The less likely scenario is that price will make a pretty trendy bear move down to the 1725'ish area.
The more likely scenario is that price will go back and forth between the zone of black lines, and the zone of lighter blue lines around low 1800's.
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