$ES Two Bear Counts, Overlaid

I see two possibilities here for $ES:

  1. A nest of ones and twos (the “red” count, minor then minute degrees)
  2. A leading diagonal (the “blue” count, all minute degree waves so far)

The bulls will want to see my minute (blue) 1-2-3 as an A-B-C, but for that to work, they will need an impulse wave off Friday’s lows, and they sure don’t have that, so, I can’t even really imagine a bull count here.

  1. If we fail around the orange box we’re in now but find support near the September highs, the leading diagonal is probably what we’re doing and we should expect a long, drawn minor (green 2)
  2. If we crash deeply below these levels, especially overnight, the nest is more probable

ES


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.


One thought on “$ES Two Bear Counts, Overlaid”

Leave a Reply

Your email address will not be published.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