Hey Traders,

now that ES broke above 200dma and January highs, it is time to look at some upside targets of the technical formations currently in play.

Firstly, -23% target of the ambush/50% retracement play that acted as support throughout May:

Secondly, considering May action as a Box Play, looking for target height of the box away at 978.75

And last but not least some major retracement targets of the whole bear market with 38% line at 1020.

And who knows maybe even full 50% retracement of the bear market to 1130+.

I am not predicting that any of those targets will be reached, but considering recent technical developments all of those are valid set ups and targets to keep in mind when looking at bigger picture.

Cheers

Vlad