ES - if no bounce, possible head and shoulders
If we don't get a higher bounce on es, chances are this head and shoulders pattern is playing out. This idea is invalid if we get over 4060 again, in which case the previous scenario (linked below) is playing out. I'm watching the daily 18ma at 4034, if they get over that level, a bigger bounce is likely playing out. If they stall near the 50ma at 4013, then this rally may be over quickly.
good luck!
good luck!
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