ES Morning Update April 16th 2018

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Not much of an update this morning. The market is still doing the up, down, up, down, etc... type moves everyday. I'm not seeing any clear direction at the moment. The moves up are not what I'd call strong wave 3's or C waves but just wild swings. And the more time that passes without a strong breakout to the upside the less likely it will happen. Instead we could be doing this ping pong for several more months. It's acting like it wants to setup a strong down move soon instead of an up move, but that's not clear yet. So, I'll end it here and hope to get a better picture tomorrow.