/ES 1D TW

On 11-SEP we could clearly see a fake bull to develop on our 2D MV RUA fakeout chart. The qestion is whether the second leg of the bear, which is currently in run will be enough at this point or market will address some, further dive targeting the gap was formed on /ES on 09-JAN-2023.  Let's see the figures on our related indicator system and have a conclusion on a tradingview chart which is used to visualize the forecast. Premium mebers have the setup for RUA 2D and 2D MV chart and they can make their own excercise for MV-related analysis.

Harmonics is a confirmed sell and signals extremely oversold internals. It also signals a possible, primary bull node within 2-3 trading days. SSTIS is a confirmed sell and the bear surge here is eliminated for now. However, it shows a clear bear. 2D MV chart for RUA is a confirmed sell and the MVO bear surge signal is in elimination. 2D MV fakeout chart signals a confirmed sell as well and we have steady zero SBV buying volume for now. Selling volume indicates +52%. This setup signals an ongoing bearish volume cycle. Odds are pretty high that we will see the gap to be closed this week.

The MVO bear surge elimination will practice some relief, so I count with some intraday bounce(s) but the /ES2 target remains at 4350.