Not Much to Add While $ES Is Rangebound

The two bearish counts (here) are still alive, but we need to move lower. Until we do, it is possible that we may also move up again. Moving minor (green) A to the 12/20 low lets us accept the rally since then as a 3-wave move for minor (green) B.

A swift breakdown helps to confirm the bearish counts, a break above would help to confirm this count. I can’t really determine which one is more probable because everything is stuck at the moment (Bitcoin, oil, neither leading us lower, nor leading us higher, etc.).

ES


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