Yesterday I posted that scenario for S&P 500 cash index: I noted that “the Very bearish Daily count allows bulls to produce another dead cat bounce making a lower high at 3,739 – 3,790”. And today we got a violent short squeeze rally: Look at the upper yellow box. You…...
In my previous updates I expected another push higher in subwave c up. We got that rally but only after a very strong drop this morning caused by bearish CPI data announced at 8-30 AM EST. Now after that rally, the a-b-c up structure of wave -b- up looks completed:…...
RTY still holds inside the yellow box for a corrective consolidation: I count that rally as subwave c of a corrective wave b up. That count argues for corrective pullback to be followed by another leg down in subwave c of wave -a- down…. This content is for Monthly Plan,...
In mid September we got a shallow a-b-c up bounce in subwave -b- up followed by another drop (see the upper circle on the chart below): This week we got even smaller a-b-c- up pullback in another subwave -b- up and this drop is a starting new leg down in…...
A tight consolidation in ES-mini was followed by a strong drop caused by CPI release at 8-30 AM EST on Thursday. ES-mini found support at 76.4% ext of the first leg down, a decline off the top made in Jan’22 into the bottom made in May’22. That break under support…...