Sunday, May 16, 2021

Summation Rollover Getting Closer

Weekly summation index 50ma has provided good signals historically at these levels and the current development may be telling. It looks to be coinciding at price levels well into a potential high degree fifth wave (or 'C' or 'Z' or whatever label assignments are preferred). It may take another week of consolidating around the highs in ES before there are confirming signs it will continue to roll. After that, expect new all-time terminal highs to print.

See Critical Long-Term UPDATED 4/12/2021 Review Here
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1/25/202/20/204/9/20)
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