SPX and ES - an alternate idea

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an alternate idea in case the impulse down is not really an impulse and today's ending was yet another bull trap. We have economic numbers again at 8:30 am which will certainly affect the market so I'm personally flat overnight. A C down from here is probably not on most people's minds which is why I like it. However, this could be completely wrong so please take it with a grain of salt.

٢٣ ديسمبر ٢٠٢٢

ملاحظة

futures are at the pitchfork fib no decision made - probably after 830 there will be

٢٣ ديسمبر ٢٠٢٢

ملاحظة

possible move on futures is an abc, stopped at .618 fib for now. Open will tell more....

٢٣ ديسمبر ٢٠٢٢

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they stopped the pump on futures at the pitchfork fib. Needs to get over that to rally, otherwise more downside likely.

٢٣ ديسمبر ٢٠٢٢

ملاحظة

leading diagonal finished for wave 1. If correct the next wave should break yesterday's lows and traders will recognize this is not the bounce they expected.