Life is About to Get Interesting for ES

Expect high chop on ES in upcoming weeks with larger and larger swings very difficult to navigate. I envision sideways movement this week and next.

There is a lot of unusual activity up as a reaction from yesterdays selloff, but we are about to in a bull trap wave “3” up, but really potentially wave 3 down. Watch out for 5pm PST today, it will either be massive insane up or push down, hard to tell so far. The upward momentum makes it very hard to read.

After that, the end of the month, February, and March could get ugly. My predicitons are as follows:

1-5-21
3698

1-6-21
3706

1-7-21
3709

1-8-21
3713

1-11-21
3721

1-12-21 through 1-20-21
3730

Then we will likely reach just about where we were, almost to 3733, and then around time to change presidents, we roll to 3400s by end of month.

Just a thought.

Comment:

oh how i love to watch them squirm during a good dumping