To Watch

updated: The lower channel broke town for an extended test of support (which for now is holding).  The anticipation at this point is for higher prices to be sold until a higher low or momentum divergence is established (looking for a 4d-4c continuation short setup from here) unless we get a V-bottom.

Potential 2b short setup on the ES.  Keeping in mind that this is a 240-minute chart.
This 2b setup is also recognizable as 3-pushes to a high where we have 3 higher highs on waning momentum.  Watch for a breakdown of the lower channel line for confirmation, but if the upper channel is broken with a higher momentum reading then up we go.  Will update this chart as we progress.