ES_F ES1! Where do we go into J-Pow and CPI?

ES_F ES1! sitting on major support around the 4750 area and has bounced off twice in the past two days. Expecting a balance day tomorrow and Tuesday into J-Pow testimony and then CPI on Wednesday. Careful traders can waiting until CPI to put a play on as the direction and trend of the next quarter into earnings may be obvious.

4650, 4667, 4680, 4689 above are s/r flips. Orderflow shows a good amount of volume and bids around the 4650 are showing that it may hold into J-Pow and CPI. A push up to 4712 would signal a bull trap for me. Local trend is down until further notice going into CPI numbers Wednesday.

Fed who once was supporting the mega rich by keeping market afloat, are now backed into a corner with the very same party of people. The first half of the year could see a 42xx print if things keep going this way.