$ES - Market Analysis for Mar 26th, 2019

The ES is approaching the .618 retrace of the decline off last week's high, which is ideal resistance to hold if a i-ii setup to the downside is playing out in blue. If the pullback following the next local high is clearly corrective, then it would be reason to give the bullish alternative in red more consideration.

ES M19 - Micro - Mar-26 0645 AM (1 hour)
ES M19 - Micro - Mar-26 0645 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.