ES Morning Update March 26th 2020


Yesterdays late day drop looks like the start of a B wave down with the A up from the bottom ending at the high midday. This morning we see the futures down more as this B wave continues. My thoughts are that we'll turn back up at some point today to start the C wave up into tomorrow. The upside target is still around 2700 on the SPX but in order for that to happen the market needs to run back up by the close today and close green. Failure to do so would lean more toward the move up ending yesterday. I'll keep this update short as there's not much else to add that wasn't covered yesterday. Have a blessed day.

Another update from Peter Eliades