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ES: Near the beginning of the end




Still early but not reaching 1174.25 (we reached 1174.00) takes us down to 1152.25, below 1152.25 then down to 1147.25 and more likely 1135.50

1152.25 is a potential bounce/reversal

1135.25/50 expect a big bounce

sleepy openings have a meaning

it means traders are tired of the sideways action and have lost conviction. Always a sleepy opening equates to light volume; a sleepy close is even more profound, both together means we’re near the beginning of the end of this sideways nowhere (break-out) next week