$ES: Bouncing Back to 4,399 As Expected

$ES #ES-mini #trading setup #Elliott Wave

Yesterday in my evening report I concluded that ES-mini hit an important support at 4,370 and should produce a bullish bounce on Friday:

“The EMA 21 Weekly calculated based on lows is located at 4,391. My base case scenario is that bulls will try to close a week tomorrow OVER or at that level.”

On the chart below you can see that ES-mini dropped under strong support green band 4,415-4,399 and now is bouncing back up to re-test that level from below:

On a micro scale that move up has a clean corrective -a-b-c- up structure:

This move up should stop either at 4,399 or 4,408. A break over 4,408 would invalidate that bearish scenario.

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$ES: Are You Ready for a Bulls’ Trap?

$ES #ES #trading setup #bulls trap The macro bullish count argues for ES-mini to top somewhere around 4,660 after kissing that red trend line. Its safe to predict that they will play a fake breakout

CastAwayTrader November 30, 2023

$NQ: Bullish Setup for Another Push Higher

$NQ #NQ-mini #trading setup 15 min chart of NQ-mini futures looks very bullish: In the yellow box you can see a clean corrective -w-x-y- down structure that looks complete. The straightforward way to count is

CastAwayTrader November 30, 2023

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