12:38 pm EST: ES 4202- 4220 zones are target areas for wave iii today/this week. Expectation for a mild pullback to occur soon when NYAD MACD weekly red signal line turns down with higher prices [waves iii thru v] on ES cash. It may still be peaking. Daily is turning up from a negative position, This would be typical when approaching a diverging price peak. Today could be a likely looking candidate for wave iii-up to hit.
original post:
Speculation pattern sequence is basically how the market works. It is the engine that also assists in driving the economy necessary for progress. Push the gas for longer than 'normal' and various failures can occur. Brakes overheat, engine overheats, fuel runs low etc. This looks like a similar situation brewing. The trend guides cut through all the noise on this daily chart but it is clear we have a dinosaur in the making. No large degree top in sight yet either [but we do expect a relatively mild correction about to unfold down to ES 3960 first draft target].
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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