ES Futures continues to make a push higher through October.
Currently, I see a Primary WXY count subwave (w) taking place at the moment. I expect either a topping pattern, or direct to (x) prior to revisiting the top of the downward trendline going into the end of November/Mid-December (Santa Rally?)
Furthermore, I do expect to revisit and takeout prior swing lows to complete the Major Y.
Targets below:
Gray Box = Major Fib WXY
Red Box = Minor Fib (w)(x)(y)
Currently, I see a Primary WXY count subwave (w) taking place at the moment. I expect either a topping pattern, or direct to (x) prior to revisiting the top of the downward trendline going into the end of November/Mid-December (Santa Rally?)
Furthermore, I do expect to revisit and takeout prior swing lows to complete the Major Y.
Targets below:
Gray Box = Major Fib WXY
Red Box = Minor Fib (w)(x)(y)
Comment:
ES continues its choppy wave upward toward 4000. Will look for positions around this topping area, along with indicator divergence.
