$ES retested wedge break. Next 2530 on 22nd Feb?
The channel in S&P500 I mentioned in my previous analysis was broken together with the trendline in the ES future here. Today the breakdown was retested, confirming the bearish bias. Next cycle date of 2/22 coincides with a major trendline and a fib level around 2530, which is a sensible target area for a pullback anyway. 2583 and 2483 are the surrounding major levels I will be watching.
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