ES is pulling back to get ready for October-December Santa Claus Rally
Currently in a falling wedge notated in green lines
Inside of a bigger Rising Wedge notated in dark black lines
Probably fill the gap before breaking out or not? I will see when the time comes and how price is behaving
I will probably take that short term shorting trade off the 4 Hour 200 at the top of the channel with a target at/near that gap level with not expecting it to go further. The overall trend is still bullish. Does the market have one last push higher before the ultimate dump back down to 3250?