Seemingly Most Likely ES Scenario

Dec 6, 2020

Having a bearish outlook, it is hard for me to use this idea/chart, but I think realistically based on history and the historical psychology of the market, this chart seems the most likely scenario. It seems like another low-volume floating up case with a minor pullback around mid December due to the FED announcements, then another big bull run (maybe even to 4000).

Finally, the pullback similar to the Sept/Oct pull back beginning next year over a two-month span to the 3580 range and back on up from there. I just don't see any devastating drops happening with all the preventative measures in place to stop that. If that were to happen, I think it would have been happening already, but that is just my opinion.

Dec 8, 2020

Note

maybe we hit that minor pull back a bit early, and then sky rocket, and then the corrective waves big time