Emini S&P 500 expectations.

I saw the day chart and I keep thinking about this short idea, take a look, the risk is small and we have at least 3 targets with nice profit potential (T1, T2, T3).

DAY CHART.


4 HOURS CHART (Risk)

 

Keep a close look at ES price if it falls below 2625. This could be key for an extended move downward. Nobody is 100% sure of what will happen but keep an eye on it.

 

Price did not fall below 2625, it went up instead. This could be a good opportunity to go short at a better price inside this downtrend. Still waiting in the sidelines for a new signal.

 

Price action forming structure near resistance, we need more time.

 

Price action in the works ....

 

WHAT A FIERCE BATTLE, who will win ?

 

The battle is still on, I am looking at a small divergence forming at the top, it is too soon to tell but it looks like by the numbers. Price action needs to weaken more to ignite a move downward.

 

Bulls taking control at the close...

 

Now this is the big picture. Question: Could ES be turning back up ?. Is it too soon to tell ?. I like this detective work.