A Basic Structural Observation on $ES

For a year and half, half of Twitter and many of the other analysts I follow pointed out structures like these day in and day out. And now? Silence.

So, let me point this one out. Much like $RSP (here), $ES may be interpreted as having formed a head and shoulders topping pattern. Our “right shoulder” is—right now—at the height of the “left shoulder.” The measured move of this pattern coincides closely with where I would expect wave 3 on the next decline to take us to (isn’t that weird that it always does that?)


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *