$ES #ES-mini #Elliott Wave #triangle
Overnight bears violated the stop level 5,685. That is a very bearish sign. Move under 5,685 will most likely be followed by another leg down to a new lower low.
However, so far bulls managed to recapture the 5,685 level and the micro resistance level 5,692:

ES-mini 30 min chart
Bulls can argue that ES mini just completed a whipsaw looking corrective wave (b) down shaped as a triangle.
PLAN A: Short on a break under 5,685. Target 1 = 5,651. Target 2 = 5,623.
Plan B: Long: I would not be in a hurry to go long. I would wait for a break over 5,723.
MIDDAY UPDATE at 12-16 PM EST
This morning bears broke the support 5,685 and price quickly plunged down to 5,658.
Today is a Quad Witching Day when enormous number of futures and option contracts expire. That kind of days brings notorious whipsaw.

ES mini 30 min
If bulls manage to reclaim 5,692 resistance we can finally get our one more rally towards the Red Box,