warrenbudget

Lots of money to be made right now if this is a big ABC correcti

CME_MINI:ES1!   S&P 500 E-mini Futures
If we are doing a big ABC correction, this analysis shows how it can go down. Gant fans used to help time with major events coming up that can shift sentiment.

2 Gant fans - 1 off ATH's to Dec pivot . another from Dec pivot to 2700 target. Fib targets shown to the left from the 2 big pulls and Fib level (50/100) shown to show our recent reaction off these levels. There is so much confluence to justify a pullback at 2700 which is the 618 from ATHs.

If we were to continue thru straight to 2800 without a B wave, we would have to stay in a very tight channel, leaving no room for an impulse. I don't see this as likely. Lots of people calling for a drop . Lots of people thinking we keep on rolling. I think this analysis is a happy medium, and can surprise a lot of people... which is what we're used to. Lots of money to be made here if we do get a sharp reaction off the 50/100 fib levels.
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