Let’s review the bearish wave count first: Off the low labelled (a) down we got an a-b-c move up labelled (b) up. That BEARISH count will be valid until bulls manage to push ES over the resistance 3,820. We can consider an a-b-c move up a bearish pullback as long…...
Let’s start from reviewing the Bearish Path: Under that count the -a- up, -b- down, -c- up whipsaw that has been torturing us in October is subwave ( b ) up of wave ( iii ) down. Under that Very Bearish count NQ has a picture perfect short setup for…...
As we expected yesterday, bulls pushed ES overnight and hit our target at 3,745. Let’s first review our Bearish scenario: Under the bearish scenario that move up is a subwave c of a corrective pullback n wave (b) up. Now let’s review the Bullish scenario: Under the both scenarios, that…...