Cobbler - 3

If the ES daily pattern is the barrier triangle, it might look like this overall. The (d) wave looks to be the complex leg of the triangle.

After the higher high in the after-hours, price traveled down to the S2 daily support pivot and bounced strongly into the close. Price did not close back below the 18-day SMA, so the daily bias is still up. And the regular calculation of the daily slow stochastic shows four closes over the 80 level, meaning it is currently embedded, until/unless it comes back under the 79 level.

It's summer whippy and difficult trading.

Have an excellent start to the evening,

TraderJoe