/ES daily frame analysis as of Friday Market close 12012023
/ES daily frame Fibonacci & Elliot Wave informed analysis as of Friday Market close 12012023 | pending price action
/ES continuation of the corrective pullback from October 2022. B wave valid until break above July 2023 high /ES 4634.5. Break above that level; targets 4685.25/ 4696 /4743.25
Inability to break above that level will lead to a downward pullback and wave C; target 4095.5
Intraday level(s) to the upside 4606.25/ 4611/ 4617.25 / 4625.25 / 4634.5 / 4641.25 /
Intraday level(s) to the downside / 4583.75 / 4576.25 / 4568.75 / 4531.25 / 4504
/ NOTE support level of VIX and RVOL indicate a possibility of a spike/reversal supportive of indexes pullback/ all pending price action /
/ES continuation of the corrective pullback from October 2022. B wave valid until break above July 2023 high /ES 4634.5. Break above that level; targets 4685.25/ 4696 /4743.25
Inability to break above that level will lead to a downward pullback and wave C; target 4095.5
Intraday level(s) to the upside 4606.25/ 4611/ 4617.25 / 4625.25 / 4634.5 / 4641.25 /
Intraday level(s) to the downside / 4583.75 / 4576.25 / 4568.75 / 4531.25 / 4504
/ NOTE support level of VIX and RVOL indicate a possibility of a spike/reversal supportive of indexes pullback/ all pending price action /