The ED count on the SPX had a very large overshoot today. The count is hanging on by the skin of its teeth as far as viability goes. We need a large down day tomorrow or the count is done.
But I was just looking at the ES, and the move stopped almost perfectly on the trendline.
Don't know if this is foreshadowing or just consolidation. We will see in the morning.
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago