Couple of Thoughts on $ES

This morning, i was expecting a 3rd wave rally to the orange box. Now, we got a rally, so far so good. But: we didn’t get the breakout and we didn’t get to the box. That doesn’t mean this move is doomed. But, it may be a warning sign. My assumption here is that the recent low was the C of an E of that big primary (pink) B. We should get a big impulse rally out of that low, and at least so far, this rally is only in 3 waves.


So, until we break out and see a big impulse wave, there is always the risk that today was the minute (blue) E-wave of the triangle I believe we are in. If that turns out to be true, then we should see one 5-wave impulse to the downside, before rallying hard, like this:


All will be forgiven if we get out of this structure powerfully overnight.

Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make 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.

5 thoughts on “Couple of Thoughts on $ES”

Leave a Reply

Your email address will not be published.