Pivotal Point for ES
Drawing some trend lines and finding their intersection points, I am seeing a pivotal point at 3843.5, the .382 retrace for the most recent low point.
It could get very ugly if we break this point, but I would imagine we hit this bottom, bounce up to a new ATH for a final wave 5 of this sequence, and then some real correction begins.
Alternatively, we could continue downward towards the 370s, 360s, or even 350s, but I think this will be reserved for later in the year and months to come. However, keep in mind the unnatural thrust up we had and the subsequent reactions from that thrust we must endure to continue onward in a balance fashion.
= FIB
It could get very ugly if we break this point, but I would imagine we hit this bottom, bounce up to a new ATH for a final wave 5 of this sequence, and then some real correction begins.
Alternatively, we could continue downward towards the 370s, 360s, or even 350s, but I think this will be reserved for later in the year and months to come. However, keep in mind the unnatural thrust up we had and the subsequent reactions from that thrust we must endure to continue onward in a balance fashion.
= FIB
The prediction is in...
= FIB
= FIB
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