The ending diagonal I am predicting on $SPY (noted here) has a slightly different origin on $ES. From here to the end should be similar though (on the cash session, what I have labelled here as minor [green] 1 behind us is intermediate [orange] 3 on cash). Furthermore, we can anticipate a cross reference between this and the Russell. The drop from this structure should match the meat of wave “E” noted on $RTY (noted here), and on $ES below, my intermediate (orange) 2 leering at us in the corner could coincide with $RTY‘s primary (pink) 5.
lol Watch how bullish they become when they see this false inverse:
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