Daily: Bullish Weekly: :eek: :eek: A few reasons why i'm not buying for the long term There's room for a new high within 2 weeks...but then? Gonna ride the bull with some tight stops, ready to short
The internet feels incredibly slow today! Everything is lagging. Since Nov 3rd, there seems to be 3 complete waves up. W3 is 200% of W1. If that is so, then the usual minimum retracement of 38.2% would bring us to about 1079 in the ES before the upward trend resumes. Count invalid above ES 1100. ESZ9 120min
Short 1097. Covered 1089.00. I really liked the fib ratios in the earlier chart, so I took a risk with that trade by placing the contingent orders and stops and walking away (hence no updates...). Glad Mr Market obeyed the fibs....
Difficult to see if the ABC has concluded or there's more downside to go. The circled area should give us a clue. Above 50% odds favor upside. ESZ9 30min
Has the "feel" of a "b"wave going down in the ES from 2.15ET. Long ES 1087.50 Stop ES 1085 Target about 1092