Because of the ES Dec switch over to ES March – the charts get missed up on investing.com.
So here’s the chart from Finviz: https://finviz.com/futures_charts.ashx?t=ES&p=h1
Makes it easier to see exactly where the resistance areas are. Last week, we had resistance in the 2055 region for ES Dec. For ES March, that’s equivalent to 2045 — so that’s where this a-b-1-2-3-4-5 went into.
The puts – – not looking great due to my mistake. The 5th wave reached the target but the structure didn’t look right. Next time, if it reaches my target, I should just exit and wait for further confirmation. I had to trade in and out of the put – which is something I usually don’t do — but I’m keeping my core 8 contracts for the SPY 206. Keep in mind these puts were purchased last week. Expiring on Friday – holding on as long as 2045 acts as resistance.