
Still not a fan of bottom picking but after hours Friday ES found 200 weekly SMA. Watching for reclaim or rejection of q1 close around 5600 to determine if we need another low for a 5 wave down or it’s done. If 5600 reclaimed should be on way to 6600 minimum with euphoric overthrow potential. If 5600 rejected we need one more leg to 4850 or so. Either way looking for a relief bounce to back test 5600 regardless and on the high time frame looking for 6600 whether price takes the direct reclaim or the scenic route making one last low













