I think this definitely has the makings for a very severe selloff in the coming weeks. Per my posts the last couple of weeks, I have been counting this as an impulse down with more more down to go. I will update my counting in a moment, but first here is a chart of the ES
More down volume today than there has been during the up days of the last 3 days. And the down candles the last 3 days are also the ones with the largest volume. But pay close attention to the volume based accumulation / distribution (bottom line). It has already made lower lows! Smart money seems to be selling this pig (IMO).
Addition 3:20 - Current count
Addition 3:25 - Larger Degree count
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