Nov 22nd Extra Post + Nov 23rd Analysis

Posting a mid-day update here but this should last until tomorrow nights update. We clipped 4725 1st target from last nights update, overshot it, but ES reversed its gains sharply falling shy of my 4755 second and upper target. Not overly surprising given that markets do love “news traps” (react to a news catalyst - Powell renomination - then fade the news reaction). What happens in the next few hours/tomorrow is very critical and likely determines what price does for the rest of the week minimum (chart and analysis below)