Hello Everyone,
Quick Note: Consolidation type day (choppy action) following the big ramp late last week - this type of action aligns with a possible wave 4 unfolding (flat or triangle) to be followed by another leg higher short term. However, after the next leg up matures, I will be deploying hedges for the next anticipated pullback or downtrend.
On ES support 4130 and 4095-4100 with resistance 4165/70 4200 4220s 4255-65
Please take a moment to look at the trade ideas.
