yauger

One more little push up and then we might go south for a while

CME_MINI:ESZ2016   S&P 500 E-MINI FUTURES
14 0 2
From the election night panic low, the Trump rally generated a nice impulse wave on the Globex Market that was followed by a very muted correction not even reaching a more acceptable 23.6% retracement suggesting we are not done correcting the Trump Wave. and actually the rally from Nov 11th is seen as part of that correction. Yes a rally within a decline. Even if you are not a waver, the market is wedging higher and that is not exactly the most bullish structure. We think once over it will lead to a sharp decline below 2148 and can go lower. We will update the chart once our expected decline is underway

For the wavers, as usual there's many ways to label short term price action and maybe my wave B of an expanded flat is over but just because seasonality suggest Thanksgiving week tend to see prices going up we presumed the wedge is not over. But we will let someone else try to catch the last drops of this rally.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out