Friday, September 20, 2024

ES Morning Update September 20th 2024

We hit my zone of 5775-5800 on the ES, so we could have topped? If we go any higher it shouldn't be very much, like a 10-20 points... "Maybe".  Most likely though we pullback some, and while it might be choppy at first I expect the August 5th low to be tested (probably taken out) by the end of October.

The beginning will be full of drops and squeezes for the wave 1's and 2's (or A's and B's) as it sets up the C down later next month. Meaning next week might start the pullback but it could reverse back up again late in the week to setup early October as the best time for a big drop.  As for today, I don't have much opinion as it's OPEX and could go dp anything.

Have a great weekend.

 

Red
Author: Red

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