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Eloquent
Jan 11, 2022 8:49 PM

es 1-11 update~ 

E-mini S&P 500 FuturesCME

Description

hello, quick update

looks like es is forming yet again another corrective structure -

good chance we see another flush in the days ahead to around 4500.

potentially we're forming an abcde for this larger wave 4, which would indicate another month of chop ahead of us.

watch the 0.618~0.65 algo target for rejection before heading down to 4510~4500.

Comment

Comments
ForexTrendline
Good job!
DaddySawbucks
yes, this reaction and the preceding down move both have impulsive feel, see where it gets to, imo could be a 2nd EW, of a motive DT structure
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