Friday, February 14, 2025

ES Morning Update October 10th 2024

Yesterdays rally up to a new high fooled me. I was looking for that move last week after the non-farm payroll report but instead they just did it as we go into the CPI this morning. It's now ran a bunch of stops above the prior high, and could go a little higher to hit more with some knee-jerk reaction from the CPI, but after that I just don't see the move continuing to 6000+ without some kind of pullback first.

Obviously this changes the short term wave count as now this new all time high is the Small Wave 5 up inside Medium Wave 3, which I had moved to have topped at the 9/26 high. Clearly that's not the case and the sideways chop the last week or so has been Small Wave 4 and we are in Small Wave 5 up now. Once it completes, which should happen after the CPI's shakeout, fakeout moves, Medium Wave 3 will finish too, and we should see Medium Wave 4 down follow.

I still think the move is coming before 6000+, and that it should be very short lived, like 2-3 days max. The downside target is still the same, which is somewhere between 5550-5600 on the ES. We've seen drops like this before and it could all be finished in one day, I don't know? But the faster it happens the more bears will short it and that means the move up afterwards will be that much stronger as well. Let's just see what happens.

Have a blessed day.

List Of P-Diddy's Guests...

Red
Author: Red

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Geccko23
Geccko23
4 months ago

I haven’t seen a lot of inside scoop on P Diddy. The coven is throwing him under the bus like they did to Harvey Weinstein when Hillary was running for prez in 2016. I guess they are trying to generate anger towards powerful male figures.(again)

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