Squeezing Into Upside Resistances. Decision Time: Feb 1st/2nd Chart and Plan

Major squeeze day for ES and likely isn’t done yet. In yesterdays e-mail, I posted that 4390 was key support and if price was still basing above in the morning, I would be looking long for a 4457 test which was a key inflection point & as posted, gateway to the upside squeeze. Price rallied up there, hit 4457, paused for a few hours, and after a few failed attempts to push down, it was quite clear this would break. The breakout started the squeeze and this likely has more to go. Tomorrow or Wednesday, it should be quite clear whether we are looking at a relief bounce or deeper sell, and bears should get their shot to step in.