In a corrective B higher on dailies, likely to top at this morning's lows. From 853.33+ currently, it should achieve a minimum target of 803.10 by 2/20/20 Open.
- A leg higher from the Monday Futures gap lower - And then a higher high overnight / early Tuesday AM - maybe 3394-3402 ESH0 - But then the next leg lower will tell us if we formed a major top, that is what I am awaiting. Breaking 3348 confirms a significant top, although 3308 is better confirmation
Oversold, and due for a bounce for this week into Wed 3-4pm CST. Use STOPS. Good luck!
Intraweek cycles say top here ~ And cycle down this week to 3280, or if things get funner way lower, but one step at a time.
I know, I know everyone wants to short it. Potential end to parabola in sight. not perfect but too much symmetry at 965.
Important resistance reached today. If we can't surpass 9600 meaningfully (like 3 hourly bars close above it), then a rollover should start within 24 hours, and then watch out. Everybody is BULL'ed up. Be careful.