Emini S&P 500 Stuck In Contracting Coil

ES remains stuck in its contracting Coil formation since its 5/01 rally high at 4206.25 (shown on my 4-Hour Chart below my attached 15 Minute Chart), which itself is attached to a sideways range from the start of April!  Neither disappointing Home Depot earnings nor somewhat disappointing-- but positive-- Retail Sales for April were significant enough to propel ES up or down and out of its sideways funk. 

That said, ES does have a negative bias so far today, and if anything, is attempting to exert some downward pressure on a key nearest-term support level at 4135 to 4137, which if violated and sustained, will point ES toward 4123-4127 next. 

Conversely, if 4135/37 contains current weakness, and if ES pivots to the upside again, key resistance hovers at 4150-4152... Last is 4138.25 

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