ES -WEEKLY - LOG Mode
Wow what a week. Could it look any more bearish?
This is an update with a intermediate term view.
My opinion for the the path forward has not changed..... yet. It hinges on the the where the current corrective wave ends.
I believe we are close if not already there with the completion of what I'm labeling a "b" wave see chart below.
I am looking for a basing pattern and bullish fractal to develop in the near term to long the market for what I think could be a substantial advance as shown on the chart.
This will be the final advance before a longer larger correction.
ES - DAILY - LINEAR Mode :
Wow what a week. Could it look any more bearish?
This is an update with a intermediate term view.
My opinion for the the path forward has not changed..... yet. It hinges on the the where the current corrective wave ends.
I believe we are close if not already there with the completion of what I'm labeling a "b" wave see chart below.
I am looking for a basing pattern and bullish fractal to develop in the near term to long the market for what I think could be a substantial advance as shown on the chart.
This will be the final advance before a longer larger correction.
ES - DAILY - LINEAR Mode :
Note
Current assessment - circled area is my line in the sand for the proposed "b" wave ending. In this scenario a large "c" wave up will follow. I'm either on something...or I'm on to something:)
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Related publications
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.