ES Break Out Of Sideways Consolidation Bullish Target 4700
ES is in a sideways consolidation and is on the brink of a breakout possibly today. Whether it will follow through or be a false break is the question. The daily trend is bullish and my goal is to buy every consolidation pullback until the last one fails.
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Here you can see a bull channel being formed on the smaller time frame within the overall sideways box consolidation
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I don't know if it will break up first and continue or dip down to the 200sma for the bounce higher. Anyway, I am only looking for a Long Buy. Absolutely nothing is telling me to be short. It is in a strong bullish trend and still has room to go to the measured move of 4708.50 at a minimum
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I am expecting some more chop for the next couple of days as it builds up more order flow for the explosive move higher. Don't get chopped up inside this consolidation.
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