ES Breaks Price Channel - Likely headed much lower

The ES (S&P) has broken a recent price channel and is likely headed at least 2.5% lower based on my analysis. If you have been following my research, I have been suggesting the markets were setting up for a price rollover/rotation for the past 7+ days. Yes, I was a bit early in my analysis, but this is very important. Being a week or two ahead of the move, and being accurate, is what you really want from an analyst/researcher. You don't want to know about it 3 days after it starts. You want to know about it 5+ days before it starts.

See the chart, above, to learn what I believe will be the most likely initial support level for the ES. Watch the other Incidies and the Transportation Index for signs of major weakness. I've been expecting a 5~8% pullback in the markets for the past few weeks, this could be the start of THAT move.

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