ES-240m-1-13-2020-8-00-pm

Es - no change in the count

I have tortured that chart for another two hours but I can’t find any good micro count of that final subwave -c- of wave -v- up that is supposed to finally complete subwave ( c ) of wave ( iii ) up. We can only focus on extensions: -c- of -v- = 223.6% of -a- of -v- = 3,300 ( c ) of ( iii ) = 200% of ( a ) of ( iii ) up = 3,281. I wish we had a nice five wave up structure. I keep waiting for better confirmation of that wave ( iii ) having topped. A proprietary Sentiment indicator (calculated based on VIX and total Put/Call ratio reported daily by CBOE) that we daily update in my Premium Chart has closed over 90 on Monday. Last time it went that high was on December 26, 2019 and that was the last day of two week grind higher. I do not see any reason why Bears have to throw in the towel here.

ES - 240 min chart updated at 10-25 pm on 1-13-2020

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