Updated

ES Projected Moves in 2023

Here on the weekly chart of the ES I have come up with 2 scenarios that I believe have a high chance of playing out. Both of which involve ES coming down to 2750 area and both of which involve a massive bull run in 2025.

Scenario 1 I have a massive sell off to start the year followed by a range bound market down at the covid lows/ major demand/ channel bottom

Scenario 2 I have a bear fakeout channel break to retest the 4800 for a double top before the real crash followed by a massive bull run for 5000

I believe next week's CPI will determine what will happen

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Here on AAPL is what is likely to happen over the next year and this lines up with Scenario 1 as a dump followed by range near the channel bottom

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Here on MMM we have a likely dump down to channel bottom before a run back up to retest the down trendline

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Here we have on Lowe's the same dump followed by a bottom

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Until 3700 is broken, I am hesitant on taking shorts because price is still bullish short term

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Could ES be forming an inverse head and shoulders for the move back up to 4800 for the double top>

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I am more leaning towards a bearish continuation pattern
This is looking to me like a bull trap

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Here on the DOW we have a counter trend rally back up into supply, into the golden pocket between 0.5 and 0.618

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Out of all the Indixes, NQ is the weakest of them all. On the weekly chart, it has been under the 200 weekly sma for awhile with a death cross forming. These are not bullish signals

Dow_Jones_Maestro

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