If $ES Can Muster a Rally Today, Here’s What I Would Expect

I had been hoping for a nice big gap this morning, which would help to validate the bullish count by giving weight to the impulsive nature of the proposed count by giving us a probable 3rd wave. We’re not going to get the gap, but that doesn’t yet mean that we’re not impulsing.

I like the little breakout we’ve had last night out of the downtrend (red line) and present retest. This all could be a 1-2, and the red 3 could have it’s own subdivision, etc. It may also be the case that minute (blue) 3 will end up going much higher, giving us space somewhere between here and there for a strong gap. At any rate, I’ll have to see what today brings, but hopefully we begin moving up in price with some vigor.

[Administrative note: while cleaning out some non-renewing members, I accidentally removed a few of you from the private Twitter feed who I should not have. I have direct-messaged those of you affected on Twitter, asking you to re-request to join the private feed. Sorry for the goof—had not had enough coffee yet for that task, apparently.]

ES


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