Let’s first start from reviewing the Bullish low probability scenario. As long as bulls hold ES over 3,571: (i) the bullish count that argues for at least one more push higher will be alive; and (ii) bears will not be able to accelerate the decline. A break under 3,571 would…...
I expect RTY-mini futures to break under Sep’22 lows in an a-b-c down structure (with a shallow pullback in subwave b up): I think RTY may spend Monday to consolidate in that corrective subwave b up and start another move down in subwave c overnight or tomorrow morning. If we…...
This is how the primary bearish scenario looks like: We may be dealing with a corrective pullback digesting sharp decline on Friday. Price is 250 points under the Extreme Secondary support for Monday. Price dropped too low and too far. A Daily support for Tuesday is 11,043.25. I would consider…...