ES Epectation Road Map through May 15, 2017- WhiteCollarTrading

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My style of trade is to look for similar historical patterns, test to see if the pattern is truly similar and project moves using fibs, bollinger, stoch rsi and ichimoku. Here I just use fibs and ichimoku and determine levels based on historical pattern. You can see how the pattern has traded so far from my calls at stocktwits.com/WhiteCollarTrader with 100% of calls posted hitting. Currently holding heavy short from 2365 with an expected initial target of 2320 area. The drop will be invalidated if we break above 2369, though I expect a HEAVY drop Sunday night through Monday. Once 2320 hits, there should be a bounce to around 2342 before proceeding to drop significantly, potentially going a tad bit below the 1.618 fib level. Don't worry, this move, like all big drops seen over the past year is yet another buy-the-dip opportunity. I will be beginning adding longs at 2297.25, the 1.414 fib level. As can be seen, 2350-2355 is expected to become VERY tough resistance for ES once we break down below it, which will likely be Sunday night open with a gap down. Once we get above that level, I expect a very bullish move to new ATH's. I will be sure to update this call as it progresses.