ES: An Ending Diagonal to complete sub (1) of 5
A small bull flag should provide a sharp spike to a new ATH before reversing. Note the declining volume and divergences in the RSI and MACD. This reversal goes hand in hand with the short term counter trend rally of the USD as well. The typical retracement level for waves 2 are 38.2~61.8 but one should note the strong support zone at the 23.6% level. I am also providing reference to my most recent silver and DXY charts.
