ES - Path for Seasonality - Midterms- Update
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 :
Comment:
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:)
