No Changes to $ES Count, Couple of Comments

No significant changes to the previously expressed views (e.g., here and here).

It’s not clear to me that we have completed minute (blue) 4 on $ES yet. It is preferable to see at least some retracement in price, ideally to the orange box below. It is unusual to not even tag any fib at all on a wave of this degree. If we need one more flush in order to complete the structure, we would interpret it like this:


If I am wrong about us not being done with minute (blue) 4, then it may have completed today and we are in the 5th minute (blue) wave now. A breach of the 12/28 high would suggest this count is in play. I am skeptical of this count because the little orange c in there seems far too trivial to be counted like this.


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Your email address will not be published.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 *