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Thoughts on /ES 🤔
This picture below speaks volume as to where we are! We are at a very key PIVOTAL point with /ES.
Bull Case = If we can hold this zone and grind back up and form a "W" pattern here we can break out over 4007 for a retest near 4078 or 4117. If we pull back from 4078 and hold 4007 we could have an inverse head and shoulder form for another pop higher. That is the best case for the bulls.
Bear Case = If we break 3903 we will see much lower near 3834/07 zone. Below that very choppy till 3748. A break below 3930 and retest failure will be a nice indication to enter.
“Remember, the market transfers money from the impatient to the patient!”
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