$ES #breakout
This spike over 6,800 invalidated my bearish scenario. That invalidation made me look for a more bullish alternative wavve count.
This is how it looks like:
ES-mini 240 min chart
Under that wave count bulls can push ES-mini slightly over 7,000 to complete the wave (iii) up.
Let’s zoom-in to a 15 min chart:
ES-mini 15 min chart
This wave count argues that the break over 6,800 should be followed by an accelerated rally towards 7,000.
$ES #breakout This spike over 6,800 invalidated my bearish scenario. That invalidation made me look for a more bullish alternative
$NQ #breakout The drop we got this week did not even challenge the key support / invalidation level = 24,242:
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