ES1! evening updateThe price action in the orange ellipse looks corrective to me... it can be interpreted in several different ways, all depending on your bullish/bearish bias. However, the price action from the October 2023 low looks very much like two impulse waves (blue and green ellipses) separated by an expanded flat. Bulls need 4830.75 and 4702.00 to hold as support and for 5066.50 to break as resistance. If 5066.50 can hold as resistance with bull support levels breaking, this would be highly suggestive of a top, IMO. If 5066.50 breaks as resistance, then a corrective or impulsive wave off October 2022 low has several more months to play out, again IMO.