Mid-Day idea. Ending diagonal option is out. I don't love this count, but it does work. I still adamantly do not buy that the move since Feb is an overall impulse. So this last Y (Minor/Blue) as an overlapping double three does have some promise. The move since the high yesterday does look nicely impulsive down, volume and breadth very bearish (largest down volume on the 60 minute ES chart in the last month). Also the 20 day MA has been broken for the first time in over 2 months.
Top or not, it looks like correction time is likely starting.
Thursday updates - Click here for a free 14 day Trial Premium content
1 year ago