The ES hitting this 3962 area seems very likely given the fib projection as well as the length of wave A relative to a projected wave C. However, a bounce here at the prior lows can't be ruled out completely. Much will depend on the fed meeting. Let's not rule out the downside case either. My wave C projection could easily extend beyond the 1:1 ratio or even morph into a crash like scenario. I tend to doubt the later but it's for the market to decide.
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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.