good evening,
after rejecting the 0.618 retracement of the initial drop, i think we could safely build a case for es to drop down to around 4236ish down for it's wave C target to complete the larger bear fractal.
debt ceiling vote flopped today - i don't really know what this means, but people say it's important, so i thought i'd incorporate that into my analysis.
i do think es can easily push to around 4500~4510 to retest the bear wedge overhead before following through with the highly anticipated drop; but it certainly doesn't have to.
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ps. max pain supports for price to remain in this upper range for a few more days before the dip, but of course anything is possible in these wild markets.
expect the unexpected in the days ahead ~
after rejecting the 0.618 retracement of the initial drop, i think we could safely build a case for es to drop down to around 4236ish down for it's wave C target to complete the larger bear fractal.
debt ceiling vote flopped today - i don't really know what this means, but people say it's important, so i thought i'd incorporate that into my analysis.
i do think es can easily push to around 4500~4510 to retest the bear wedge overhead before following through with the highly anticipated drop; but it certainly doesn't have to.
---
ps. max pain supports for price to remain in this upper range for a few more days before the dip, but of course anything is possible in these wild markets.
expect the unexpected in the days ahead ~
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possible we see one of these,
