Video-4-11-2019-Panic

ES mini looks like it has started the final micro rally in wave c of v. But because it may complete a wave ( iii ) up off December 2018 low that final move up can come as emotional almost vertical spike up. Such emotional spikes happen because too mane traders kept shorting the market all the way up. When ES stopped at the previous top earlier this week many bears got encouraged by that “triple top” pattern and could have added to shorts in hope for a breakdown. Now bulls are ready to make them cover when ES goes over 2,900.