Here's a two day 15m chart for ES. The 5866.50 target from last week held twice now. Now we're forming a descending channel with my previous line in the sand above around 5892.

Will be looking for a channel breakout for a quick move back up to the 5900 area, or looking for a break down below 5866.50 for a move back down to the bottom of the channel and potentially back to demand around 5830 if it keeps going from there.
Chart PatternsTrend Analysis

Short Thesis:
advancedplays.com/short-thesis.pdf

Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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