Is ES Sending Another Message to Chair Powell?

ES after two hours of trading, has violated key support at both its Weekly Pivot (2928) and its Monthly Pivot (2919), as well as its March-May up trendline in the vicinity of 2915,, although ES has not accelerated to the downside from the trendline break-- so far.

ES 2910-2915 represents potentially very consequential support, which if violated will leave ES vulnerable to downside continuation after slicing beneath the lower trendlines of two Rising Wedge type of patterns (see chart) that could trigger a sharp vertical drop into the 2840/50 area to close the unfilled up-gap left behind on the open of 4/02/19... Last is 2908.25/50

5 02 19 ES 4 hr 1140 GIF
5 02 19 ES 4 hr 1140 GIF

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