Not a bad call on the expected gap range between 1356.75 and 1392.50, eh?
The cycle clock is almost there for dialing in a new lower ST low at 1352.50 –and until/unless that happens we still continue to watch 1380.50 as the ST bull/bear line.
The VST range has now narrowed to 1352.50 to 1388.50 and the gray trend line resistance on the chart above is where the most aggressive bears are now trailing stops. If ES moves above that trend line resistance bears will start covering and momentum buyers will start buying at that breakout and also on a breach of the confluence of S&T short-term primary trend line and the old ST structural pivot at 1380.50. The VST pivot high is next at 1388.50 (where many other bear stops are now located) and then the unfilled gap at 1392.50.
On the other hand, if 1352.50 fails as support then bull stops will be raided again and IT trend line support will come into play.
Those gaps on either side of the white consolidation range remain unfilled…but the move is coming to fill one or possibly both.