The Exasperating Wait Continues: How We Might Count $ES Here

The grind continues. Trying to account for today’s structure leads me to think that—big surprise—we’re hemmed in another triangle, the market’s favorite way to keep everything stuck. We’ve already hit the 50-61.8% box, so we could fall at any time, but if the market continues to need more time while they distribute (as I believe they are), it may also nudge higher to the 78.6% retracement before—hopefully—finally giving up this tiresome level.

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