This weeks ES Update: THE RIPPER CAME TO RIP

As we were on point last week if you followed, you made roughtly 212 points with 2 MAE. Nice job.

For this week look for a short term top to form. Simple going into todays open and tomorrows RTH open: Beak above ATH and it runs more. Most likely we will see a pullback of at least 100 points by the end of this week to set up the November rally. I'm expecting an overshoot of the highs either on Monday or Tuesday (4570 area) to then hang around until Tuesday/Mid-Wednesday then we go down down down to reset all you people who use RSI, arts and crafts lines, etc. Drop below Fridays lows is where you see a drop to the 8-Day. Once we lose the 8D we start our descent to the 4450 area where we should see an overshoot to 4437 (remember that old POC we blew threw?)