Short-Term Sideways / Down

See EOD post 'reversal' alert

3:38pm EST: Small wave [v] = small wave [i] at 4186.75 with an 82.4% vector ratio at that time so we will have to see if that was a significant print for a reversal from a high.

3:09pm EST: Another 83% vector ratio in the opposite direction using a different parameter [4 of 4] rather than 3 of 4 [yesterday] is printing at the 3:00pm time slot- need to see how it closes. It may or may not be significant since this parameter has a slightly different function

2:07pm EST: Yesterday's comment- "EOD: Vector ratio says 83% that today's low printed a significant number so could still be a re-test tomorrow a slight amount above or below that number. This leaves a higher 'head' possibility to remain on the table." Looks like the 83% call was an accurate analysis.

ES 4178.50 is a measured move price zone - could be a 'iii' up. Next target 4184 zone. Sure looks like whipsaw territory so anything can happen, 

Not sure if it will go to a higher 'head' to finish building a 'head and shoulders' - that particular pattern proves unreliable often. Waiting to see the closing numbers as there is a possibility a vector ratio in the opposite direction could print based on values so far today. Also the 'VIX crushes' pattern [4/8 - 4/15] may still require a decline beyond what we have seen so far. Best to watch for now.

See Critical Long-Term UPDATED 4/12/2021 Review Here
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