ES_F Potential Second Backtest of Bearish Wedge
As noted previously, the S&P 500 futures had formed a very large bearish rising wedge off the March lows (blue). It *finally* fell from that and performed a backtest, which failed. It may be trying to make a second attempt to test that lower bound.
There may also be a long-term channel formed from the February high to the intermediate high made on June the 8th (grey). Until that channel is broken to the upside, I remain long-term bearish.
There may also be a long-term channel formed from the February high to the intermediate high made on June the 8th (grey). Until that channel is broken to the upside, I remain long-term bearish.
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