OK... not usually a problem unless I was thinking ahead to the text and didn't proof the title carefully... my bad.
Reference the intraday chart on the ES.. 6015 low (support) and 6035 (6055) high (resistance). It's either a "consolidation on the way up", or a "trading top". (Which is it?... I dunno.. I never know. Best that can be done is to take a position and hope it's correct... tight stop in case your play is wrong.) Bet your dime and take your chances. GL
In case y'all don't realize it... ALL MAJOR MOVES BEGIN WITH A TECHNICAL SIGNAL (or a "fundamental from out of the blue")... That's why we follow "Price TA". If your money is "in tune" with the price charts, your risk is limited and your profit potential is YUGE!! FWIW..
Price TA gives the FIRST indication of directional change!!! (Isn't that where you want to be on a price direction change.. FIRST to see it?? Be positioned before the late chasers "get it"?)
Price TA is FIRST!! MOST reliable (but not the 100% noob traders wish for)... stops are to cope with failures.
Still valid unless/until broken to upside.. (It's also a "double top" with prior high, BTW...) It's either a "pause on the way up" or a trading top. I dunno which. Play strategically. If you're long, suggest taking profits or hedge. You can always rebuy if upside break. FWIW...
Maestro please, it's obviously a bull flag above support at 20,800. Might even lure in the shorts long enough to trap them in the furious power of the world wide FOFO that has begun to crawl into the mindz of many doubters who never expected the Orange Tsunami to ever happen again!