The ABC chop shop - E mini Futures

13 thg 9, 2022

After CPI we had a 100 point drop (so far). This opens the possibility to a larger C wave down to 3750 and the previous structural trendline. With the dramatic move starting today, I would guess a C wave down is the obvious choice. Keep in mind the market may look like it's crashing, but C waves would be a buying opportunity towards the end of the move.

13 thg 9, 2022

Ghi chú

should bounce here

13 thg 9, 2022

Ghi chú

minor bounces will get sold into, don't expect much of a bounce in this C leg - they are not going to allow longs out or shorts in - that's why it will get intense towards the end of the move - a mini capitulation will end it.

13 thg 9, 2022

Ghi chú

we're close to strong support, put some money in my pocket in case of a bounce larger than I expect.