ES's 7 year long is coming to an end. Elliott Wave Analysis
Based on my Elliott analysis, the ES has been going long for 7 years now, and it appears to be coming to an end based on Elliott patterns. If correct, we are currently in an Ending Diagonal Triangle which are only found in wave 5 or C of the Elliott wave Analysis. 2240 appears to be the area where price should show some resistance, however, prices could also become truncated and fall sooner.
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.