I was not aware that ES is trading today despite the Memorial Day. Here is the update of our bearish ABCD:

My arms are tired. The earth looks pretty cool here from the moon. But the air is hard to breathe. Never thought I could fly this far... So, it did love my area, and sell like crazy right off it. I sure would have looked cool if that was my read. My most likely scenario was it would check back to one of those smaller areas and then up and away. Second scenario, a bigger checkback and up and away. Is this a bigger checkback, to possibly right in here (which is why I chose to post at this exact minute)? Well, that is one way to look at it. But, it's still more than I expected. A distant third scenario was that it would actually sell off the area in a serious manner. It looks more like that was the one, even if it does rise from here. That's why I posted this note below, to at least look at other scenarios, and not get married to a scenario. Price action rules. This one surprised me.

Originally posted by jimkane

And yes, there is a super-key line coming right into this area, but, but, this is in a monster uptrend off an ABCD with an ABCD in its BC leg. So, I'll be watching this area, and expecting it might check back, but that's all I expect. Could it sell off like crazy and that be the 'retest' of a final 'bull' market high from May 1? Sure, it could be. And perhaps I might also flap my arms hard enough and fly away to the moon. Not technically impossible, right? (I'm being facetious, of course.) Also not too likely. What do the odds favor in here?

interesting spot

will it do anything with this 1.128 dbs?

Watching 21 plus or minus if this sets a new LOD. Nice SL there, too. Of course, it may keep dropping, but the daily range (including GLOBEX) is quite stretched already. Watch the GZ in the meantime (.685 GZ, too, as we discussed previously lately, but it's only one tick above).

3-min 'W1' and 'W2' shaping up? Or will they just roll it down?

21.75 low getting a reaction.

A little lower would be better...

That may be it...

SL now closer to 20 at this point.

interesting symmetry at the lines...