The big question is whether the rally since the mid-week lows of last week is a 2nd wave in a developing bear trend or the start of another run to new all time highs.
Bear count in the ES looks like this:
If their is in fact a bear trend developing, the r/r here for a short trade is pretty good - the bearish count is invalidated at the prior ATH of 2117.75, around 20 points from today's close.
