ES Futures Update

The possible ending diagonal is still in play. We must watch the upper trend line. If it's broken and we pull back it should then act as support. There is a possibility that we need one more move down but that is a lower probability at this point.

Mark

ES Futures Update

The ES's are tracing out what looks to be an ending diagonal in what we consider the A wave of this move. There is a high probability that we are in a B wave at this point so don't get trapped and get overly commited to the upside when this bear can rear it's claws and shoot down at any moment!

Mark

S&P Update

The S&P has now bounced off the 38.2% Projection. Initially we are looking at this as a b wave bounce with more downside at risk before we reassess the situation. We always take care when we see 3 waves registered and consider it an important area.

Mark

S&P Projection

This is a very early projection but since the previous projection is holding it would be good to get ahead of the curve and start looking for a bottom early! This is the initial projection which could prove to be very beneficial. More data will either confirm or push this aside as erroneous! Time will tell. :)

Mark

S&P Update

The S&P cash index has now also arrived to an area of high interest. Its now at a 1:1 Fibonacci projection ratio. This could be a tradable top!

Mark

ES Update

We've finally arrived at the 1364-1366 levels that we where targeting and the proportion of time of the last two swings are the square root of three based on hourly bars. God speed and good luck!

Mark