MaxNewman

ES wedge with possible high side break scenario

CME:ES1!   None
90 0 0
Good chance we break the wedge to the upside and test upper end of balance and high of bracket. There will be significant divergence and late stuck longs if we get here.

Smart/big money took lots of profit from 50-86...they are likely looking for better long location around 1590 and below.

Sellers could come in early around 72 again. Sellers could come in right at highs around 86 and rollover. 3rd option is a quick spike to around 95, exhaustion and show us a failed breakout.

If the break is strong, without exhaustion and divergence is wiped out that is the situation where the swing shorts the built up around prior 86 swing high run for the hills.
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