$ES #ES-mini #trading futures #Elliott Wave
Two days ago I posted a path that promised a strong rally:

We got that rally and it has approached the Red Target box:

There are two levels of resistance that are capable of stopping this rally.
ES has hit the first one, 5,586.
The next one is a very strong resistance 5,630.
AS LONG AS BEARS HOLD ES-MINI UNDER 5,630 I WILL TREAT THAT RALLY AS A SHORT LIVED SHORT SQUEEZE RALLY [CORRECTIVE BOUNCE] THAT SHOULD BE FOLLOWED BY ANOTHER DECLINE DOWN TO 5,400.
Please read my evening update on NQ-mini here.