Near Term Trend: Bullish / Neutral
As of 7/13/18 close: 2,804.25
UPDATE: Last week, I suggested shorting ES futures near 2,765.25 with stops above that level and with a target of 2,664.
ES futures are poised to finish the fifth wave of a five wave sequence to the upside somewhere near 2,827. That could occur in the early part of next week. From there, I would expect a pullback at the very minimum to around 2,692. Thats the bullish case. The bearish case is that we se a move down to the 2,485 to 2,550 range.
I would be selling longs and getting short of ES futures at 2,827 with stops on a close above 2,831 and with an initial downside target of 2,692.