Will the Bears get Bold?

As many of you may recall I recently posted that the areas of ES 4250-60 is my next target. What happens there will determine the price action for the remainder of 2023.

You can read the post here.

However, from a sentiment standpoint, we look next to see if boldness develops on the part of the more bearish thesis. To breach the 1.0 on the ES in any meaningful way at 4250-60 brings the ES 4150 into view for minor wave 3 of intermediate degree wave 1, which would then conclude around the 4040 area before getting a wave 2 bounce.

First, let's see if the bears develop a bold sentiment.

Best to all,

Chris