E-mini S&P 500 FuturesCME
Description
⋅ good evening, just wanted to give a little update for the forecast i gave on september 1st.
september idea;
let's talk about where we are right now,
after a pretty nice decline this month, es hit an important algo target and bounced,
currently on its way to retest the diagonal it fell out of.
if it rejects, expect it
if it breaks above, expect it.
personally, i don't think it breaks back above; not this time around at least.
i'm looking for a drop to around 4230, which would mark the end of this larger fractal.
next months opex would be a fine day for a bottom, so i am expecting around 30 more days of pain before we rise from the ashes.
Thanks for your analysis