A Promising Overnight Push on $ES

Very promising so far. Note that we’re nosing above the primary down trend line (green). If we can clear the 2/2 high (the orange line noted), I would expect some kind of short covering rally.

Don’t immediately assume that my local counts mean much just yet. I’ve stuck the purple and red labels on here for use later, but am very uncertain about what this structure will end up looking like. We may run up a bit, then try to back test the green trend line (as I placed the labels in this post) but it may also run away from us, denying many people an ideal entry. The main thing I have confidence in for the moment is a general move to 4900 (which is the target for the inverse I pointed out here). Precisely how we get from here to there will be difficult to anticipate along the way.

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.


Leave a Reply

Your email address will not be published.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