Monday, October 12, 2020

'Pi' Daily Time Interval Hit On First Extension Target

ES has hit at a fib extension (3534/3543 zone) target together with a similar VXX hit. Looks like a preliminary pause or pullback area as ES has more to go. The trend line is most likely coincidental as it is the critical extension targets themselves that provide the better signals. The current hit on ES looks like a non-critical target value so far but may lend itself to a pullback that develops prior to the final move up. If ES hits 3549.50 - that would be a more critical target.

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