Attached please find a chart of of the e-mini ES with my wave count from the low at the throw over point(ending diagonal post). Also, today's low at what I have labeled wave 2 is 17 30 minute periods from yesterdays wave C/4 low. 2 minute chart to follow on my count from todays low. Mup and others, please share your thoughts. Robert
Attached is a short term 2 minute chart of the rally off of today's low labeled C/2 on my previous chart/post. If my count is correct the indices should rally in a 3rd wave tonight or during tomorrow's session. Always interested in others's opinions... even if they differ from mine. Robert
PTEN held its last alternate wave so it met its minimum downside target... So no real clear cut signal ...needs to bust it or its still in its up ward degree....
Hi Mup, You may be right on the count. But it's also likely that a-b-c have been done on the hourly chart, and now it's on the way back up. The stock uptrending would help this as well. But I'll watch both sides
ES e-mini hit the 261.8% price projection of wave 1 measured from the end of wave 2 which was completed yesterday. 15 minute ES attached....