maikisch

Weekly Update: Strap-In and be Patient

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Today, we have clearly started our descent down to the low 4300 level. I have posted about this sort of move for a while now. This move to the 4300 level will not happen in a day, nor do I think it will reach my target by next week. However, I do think this will be the type of descent that will not allow for good short entries.

That day has come and gone.

We now track a pattern that is in the very initial stages of carving out a 5-wave structure towards the low 4300. I offer one thing of support to those who are already short. This is now an incomplete wave 1 and should finish today or Monday...but if you think this is swift and scary...wait for wave 3. LOL

Best to all,

Chris

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