Exciting start to the week for ES. I emphasized in my last update all week the importance of that 4650 level and its clear today why - it was a rapid waterfall once it was lost almost straight to the next level down at ~4585. Always essential to know where the critical supports are in ES, because the market shows very little mercy for longs (and pays shorts big) once they fail. 4580s held though and we got a great bounce. What happens now is critical. Chart and Plan Below
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