|Daily DJIA - New Daily Low versus March 27th|
Now, here is the count on the ES E-Mini S&P Futures as was posted in the live chat room today, as of the 4:15 PM settle. Notice the current count from the April 5th high forms the descending brown channel shown.
|ES E-Mini S&P500 Futures - 4 HR|
This count makes it clear, the invalidation point is now over 2350, basis the futures. Tomorrow, the only difference is I will be posting an 8-hr chart instead of a four-hour chart, so as to reduce the number of candles. The count will not change without my informing you. Price still has lower highs but needs the lower lows.
Target for the downward wave remains at lower than 2504 for the ES future, and the DOW's lower low helped make that case today.
Have a very good night.