Consolidation Continues Breakout Looms
ES continues to consolidate under the critical 4150 level, which happens to be the 38.2% fib level of the former (zigzag) move. This zone (4080 - 4135) has been extremely "trappy" but is nothing more than a combo correction, currently entering a motive state to complete the cycle.
I see a confluence of support ~4055 to complete this correction before one final (divergent) thrust higher.
I see a confluence of support ~4055 to complete this correction before one final (divergent) thrust higher.
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