ES Begins The Consolidation For Its Next Leg. April 5th Chart and Plan

As written, April is the most bullish month of the year seasonally, particularly the first week, and it was certainly off to a good start today putting in an almost entirely one directional green day.

In terms of trading it, it went according to plan, as I wrote yesterday: “I will hold my long from 4500 for now, and add tomorrow morning if we are above 4515ish or test overnight and hold. Targets are 4550, then 4575. 4575 is strong so would probably lock in some there and can even try a short”. We closed the day right at 4575. So far, very little signs of selling

I continue to think we head higher, but I don’t think it will be simple, and there is a new pattern (or 2) developing. I’ll discuss that and targets today