This pattern of three consecutive deep weekly histo bars on the NYAD MACD together with new highs and an arrival at a target zone is likely to create a situation quite soon as these divergences tend to resolve with an implied decline or pivot [decline/new high- fourth down bar]. Since the $VIX has printed new lows, some additional time may be required until we see it elevate as the market hits greater highs. Still no top but may get hairy. ES 4349.25 is the actual [local leg] target zone [classic extension w5 = Lw1 x 2.2381]
ES 4374 is the next 'long' target zone up from wave '4' low [w5 = Lw1 x 2.618].
Alternate count for the lower degree waves inside higher degree wave '5' are 'small A-B-C / alt. small 1-2-3' up to 4349.25 zone or higher and a small wave '4' pullback expected after that.
See Critical Long-TermUPDATED 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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