I simply can not keep repeating myself over & over. These are the best two counts with about equal odds. The first one is that Minor 2, upward, is nearly completed.
|ES - Daily - Minor 2|
The above count is based on 1) trend lines and back-test of trend lines, 2) the waves as I counted them internally at the time, and 3) nearness to the upper resistance level.
But, because the Intermediate (B) wave did not reach 1.382 x the Intermediate (A) wave, there is still a chance it could. See the weekend video if you have questions about why we are looking for the Intermediate (B) wave.
|ES - Daily - Triangle X|
This count suggests a "pre-terminal triangle" as an X wave, and allows Intermediate (B) to attain 1.382 x Intermediate (A) if it so wishes. It would be great to see a triangle to identify clearly where we are. I have only a slight preference for the first count over the second. Both are valid or could be. The triangle's minute ((e)) wave would be only required to cross over the Minor W wave to confirm that the running triangle is corrective to the Minor W wave, and then price must break out of the triangle.
Please, please, please do not ask me to re-explain these scenarios. If you don't understand them, please refer to video posted this past Sunday. And, please, like some, don't say I didn't see either one coming.
Thanks and have a good evening,