Subscription: Access to Micro Counts of US indices
ES has been perfectly following the count!
In my previous update posted at noon I expected a corrective wave iv down before the final push to a higher high in wave v up.
We got a very shallow wave iv down structured as a-b-c.And after hours the rally resumed. That case perfectly explains why shorting wave 3 of any degree is a really bad idea. Even if you nail the top of wave 3 the following pullback in wave 4 may be very disappointing and be very quick.Price may arrive into the target box by market open… That would complete the large rally started in December 2018. That means that we should get a large pullback in wave B down that could get as low as 2,600 or even lower…