This week should be the week where we see some kind of high in the ES that can be shorted for a good 1-2 week pullback. I don't think it's going to break the low, as my lean is still that we will make a higher low. My target is around where the market was at on April 30th, which is the low-mid 5500 zone. After that it's up, up and away in a wave 3 most likely. This coming pullback still has good odds of being a wave 2 on a bigger degree with the entire rally up from the lows just being a 5 wave move to make a bigger wave 1. I have a FP on NVDA for 108.65, which is equal to the May 30th level roughly (the 5500's), and that's another reason for me to think that's where we are headed.
Have an blessed day.
