morning ~
es came down in a 3 wave move through an expanded flat, which is extremely bullish.
es looks to be showing me signs of a bottoming formation.
possibly one more low to shake out retail once and for all.
i'm still bullish on es into this new year, with projections over 5000 - despite the 200 year fib ratio.
i believe there was a miscalculation by 1 year in the larger ratio, and we have one more year for the bulls before the market takes away everything.
still possible it dips down a tad bit more, but ultimately it's looking good from here.
wave 3 target = $5133
es came down in a 3 wave move through an expanded flat, which is extremely bullish.
es looks to be showing me signs of a bottoming formation.
possibly one more low to shake out retail once and for all.
i'm still bullish on es into this new year, with projections over 5000 - despite the 200 year fib ratio.
i believe there was a miscalculation by 1 year in the larger ratio, and we have one more year for the bulls before the market takes away everything.
still possible it dips down a tad bit more, but ultimately it's looking good from here.
wave 3 target = $5133