Latest thoughts on ES/SPX after further review of larger timeframe data and break of long term resistance line.
Bulls rang that 3700 bell right at the cash close on 12/04. Pullback from there should be a small corrective ABC wave to retest consolidation somewhere in the 3677.75 – 3664.25 range (0.382 – 0.5 fib retracement) and then keep calm and carry on.
Notes on chart for your entertainment.
***Yellow path is artists conception
No animals were harmed in the making of this chart
Bulls rang that 3700 bell right at the cash close on 12/04. Pullback from there should be a small corrective ABC wave to retest consolidation somewhere in the 3677.75 – 3664.25 range (0.382 – 0.5 fib retracement) and then keep calm and carry on.
Notes on chart for your entertainment.
***Yellow path is artists conception
No animals were harmed in the making of this chart