Quote from fseitun:
There is a nice Head & Shoulder in ES with the left shoulder top at 1170.50.
A break above that level would like push ES to attack yesterday's HOD.
As long as ES stays below that level, bears are in control of the game.
Quote from fseitun:
It looks pretty nice on the globex chart. The left side of neck was broken overnight (1161) which makes it even more bearish to me because ES made a lower low.
I am not going to trade shorts yet because daily chart is still very bullish, however we need a pullback sooner or later so I woulnd't blame those who go short here.
1170.50 is the key level for bears.