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


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 “Not Much to Add While $ES Is Rangebound”

Leave a Reply

Your email address will not be published.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