One More Quick $ES Observation

One point of prudence: in my last post, In both of those two counts, I’m placing Elliott Wave labels roughly where I think they should be placed in order to give the structure the “right look,” but of course the market can do whatever it needs to (for instance the minor [green] 2 we just endured “looks” sort of big after the fact, and was a bit deep, too).

Just be on the lookout for other technicals and if this tight bear flag we’re in now wants to use the measured move of that classical chart pattern, it may go quite deep on the next drop.

ES


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