MACRO ES / SPY ANALYSIS
Hey all,
ES is in the retracement (accumulation) phase right now as it is completing an ABCDE triangle after the completion of ABC retracement. This is a typical pattern that is called a double retracement. I can see Es going to 4300 zone before pull back and the eventual start of wave 3. I do see high volatility right now so I am cash until further confirmation in the lower time frame.
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ES is in the retracement (accumulation) phase right now as it is completing an ABCDE triangle after the completion of ABC retracement. This is a typical pattern that is called a double retracement. I can see Es going to 4300 zone before pull back and the eventual start of wave 3. I do see high volatility right now so I am cash until further confirmation in the lower time frame.
Feel free to follow comment and like for more!
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