Yesterday, we posted a video walkthrough of the various charts. At the time we had 3 daily green candles.
Charts roughly reflect what was predicted.
Today, we got a 4th daily green candle into the infamous 2400 region.
Zooming in, there exists the possibility of a diagonal wedge into the prior highs just over 2400-2404 ES followed by a pullback.
If this should occur, we should be able to find support somewhere in the 2385-2387 region.
Alternatively, there’s also support in the 2391 region.
In the chart above, the pink ii – happened roughly around the same time as the Manchester bombings at the Ariana Grande concert.
Prior chart walkthrough was via this video:
Dow is also looking to squeeze maybe just a little bit more followed by a potential pullback tomorrow.
Nasdaq was weaker than most indices today – but give a last minute rally at the close – recovering most of the day’s losses.
So far, it’s forming what could be an expanding diagonal. There’s no guarantee that we will reverse if we hit the pink v, although this possibility does exist. Ifso, we would find support at 5680.
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