|ES E-Mini S&P 500 Futures Weekly Chart - Log Scale|
Here are the questions:
1. Are we or are we not finding some level of resistance at the upper channel line?
2. How about the size of that weekly wick versus those in the rest of the rise from Feb 2016?
3. How long do you think it will be before prices "mean revert" to the EMA-34, shown?
This is just food for thought. Nothing has changed in the wave counts shown yesterday.