ES Bears Down On Support

ES-- As we speak, ES is bearing down on the lower boundary line of the post-7/27 Coil formation, now in the vicinity of 4464/65, which must contain the weakness to avert damaging the integrity of the larger Coil setup.

If the lower boundary line is violated and sustained, the breach will morph the post-July corrective pattern into something less constructive (possibly much less constructive) than the "upside continuation pattern" implied by a Coil atop a multi-month advance (October 2022 to July 2023)... Last is 4472.50 off of an intraday low at 4468.50... 

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