From the looks of things right now, we could hit the “lower low” (guessing it should be around 1077 ES) today and then turn back up tomorrow and rally toward that 116.05 spy print.
Thanks Red for your insight and hard work on this site. I balance your site with several others that I read and always stop by RDL for the Sunday News.
As long as we stop around that 1077 ES level from several weeks back then we should be able to rally into that Oct 23rd period. If we crash down to sub-1,000 then that is probably off the table.
From the looks of things right now, we could hit the “lower low” (guessing it should be around 1077 ES) today and then turn back up tomorrow and rally toward that 116.05 spy print.
Did not buy long, waiting for the lower lows as mentioned earlier.
Thanks Red for your insight and hard work on this site. I balance your site with several others that I read and always stop by RDL for the Sunday News.
Looks like the ES has now hit it’s premarket low (1111.25) now too…
Looks like hit the 112.01 print and pierced it now… will it reverse here or continue down?
The market is ready to move up now, and should rally shortly. It’s coiling now… all the short term charts are pointing up together.
As long as we stop around that 1077 ES level from several weeks back then we should be able to rally into that Oct 23rd period. If we crash down to sub-1,000 then that is probably off the table.
I am more in line with your count. I still see possibly new lower lows before heading up into the Oct 23 time period
Sold out earlier, hoping for another double bottom here to go long.
Wow! What crazy wild swings up and down! Hard for anyone to stay short or long in this environment, as the moves will shake out the best traders.