ES looks to have a completed impuse for C of (X) in our (WXY)
Making use of an extended fifth wave, ES completed its (X) upmove with the price action surrounding the Friday jobs report data.
Much of Friday's trade centered around suppression of the VIX, which walked a narrow path, perhaps to its short-term low, at Friday's cash close.
Counts for 1-2, i-ii down should complete early on Sunday after futures enter a Holiday session. Expecting to see 4444 by the end of the cash session on Tuesday, as the market gets a surprise upmove in the VIX and perhaps a gap down opening.
(Y) down to 4211 in mid September looks at hand.
Much of Friday's trade centered around suppression of the VIX, which walked a narrow path, perhaps to its short-term low, at Friday's cash close.
Counts for 1-2, i-ii down should complete early on Sunday after futures enter a Holiday session. Expecting to see 4444 by the end of the cash session on Tuesday, as the market gets a surprise upmove in the VIX and perhaps a gap down opening.
(Y) down to 4211 in mid September looks at hand.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.