Deja Vu starting to set in as ES completes yet another day playing ping pong in that same range of 4385-4300 just below. As I’ve warned every single day this week, these types of consolidations can last for many days, and the longer it goes, the bigger the move is when it finally clears out. We are probably looking at something in the order of 200+ points very minimum when this clears. While we are ultimately just chopping, today’s action was not ideal for bulls, since we did see a fake breakout to the upside. At best, this means price will need to consolidate for another day or so, at worst, it could mean a short-term top. I will discuss how I think this plays out from here today
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