ES looking like profit taking about to happen. Up at monthly pivot coincides with Q as well.
Kommentera:
After topping out at the end of March, MES reversed from quarterly R2 pivot down past the Q pivot and the hit the 100EMA. From there a bounce up to Q pivot for possible consolidation or another leg down (most probable), with the next target at QS1 pivot and then the 200EMA (aqua).