$SPY May Offer Us a Deeper Count

I find the overnight price action on $ES to be strange and I’m not entirely sure what to do with it at present. It’s a shame to not have been able to anticipate this drop.

On the cash session, the gap is often associated with a 3rd wave, so perhaps we are looking at a 5-wave “C” like below. The expectation would be for the red 3 to get to the orange box, consolidate, then make another low before completing the structure.


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 “$SPY May Offer Us a Deeper Count”

Leave a Reply

Your email address will not be published.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