That rally at the close was a bit more pronounced that I expected today–especially after the close from below 2000 to above 2020. It appears to be a c-wave that’s higher than this morning’s a-wave.
ES is currently at 2018 after reaching a peak at 2021. Let’s see how the action plays out overnight. Expecting a reversal tomorrow. We did send out an alert today to our members. Depending on how the market reacts, we’ll adapt and adjust accordingly.
S&P futures still have a chance to pop over 2020 to finish the 5th wave of C.