ES Daily Year-to-date
Following is a 30-min ES chart squeezed to show what happened so far this year.
First quarter range projected the top in 2nd quarter with its 50% upside range expansion.
Second quarter is almost exactly 200% the range of first quarter range.
Third quarter higher low is simply a test of first quarter low and when that held up well, we have the melt up to first quarter high.
Isn’t that interesting?