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Elliott Wave Analysis of ES (short term)


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#1
Nouf

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Copied from ES forum

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A small decline to around 1532-1528 ES should setup another opportunity to add to longs or buy the dip, this is working out very well, so for now i don't have any reason to change the idea

We want to see a choppy decline, when i look at the European markets such as the DAX and EURSTOXX they suggests a small dip needed as well

Unless i see a strong breakdown under 1420, i am looking higher as i don't have any completed pattern from 1482ES

A market that keeps impulsing higher and correcting with choppy price action is a market that wants to go higher, we have no impulsive downside to be cautious about, the bulls are in FULL control atm.

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