Tuesday, October 28, 2025

ES Morning Update October 8th 2025

Yesterdays pullback was likely the Small Wave 4 on my chart posted Monday and Tuesday. When it ends (probably already has, but could unfold in an ABC?) we should start Small Wave 5 up inside Medium Wave 1, and I suspect that will end sometime next week, as it's OPEX and they are usually bullish. Now, it could end early in the week or late in the week, I'm not sure? But if reaches say 6900 or so, then the next pullback should be Medium Wave 2 down, and it might be 100-200 points.

I'm not sure about when or "if" it happens, but if it does it should make the bears think the top is in, and the crash is starting. Therefore we could see it happen into the end of next week so that everyone will be calling for the following week to be a big down one. But it should only be a bear trap, which will be used for the final rally up to 7400+ into early November, which will be Medium Wave 3, 4, and 5.

These wave counts are just my best guess of course, as the timing of the dates are really the most important as they relate to cycle work. My expected date for the final high is on November 5th, or 6th, and if we reach 7400+ I think the door will be open for a crash afterwards.

Have an blessed day.

Red
Author: Red

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