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Weekly ES Preparation

Weekly ES Preparation

Interesting week last week.

S&P went from the verge of a Bear Market to a breakout and gap up.

If a bounce off the top of this new Bullish channel

There should be a dip into Wed VIX expiry.

And then likely trap some bulls before testing the lower end of the channel

Followed by reversing on the Inflection Point / Gamma Flip area of 4363.

This time I think we could see some liquidations if plenty of bulls get trapped when aiming for the ATH .

Bulls defending the bottom of the channel would likely be rewarded with 1 way ticket to ATH for Christmas.

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