ES daily price again closed below the 18-day SMA after making a lower low day, as shown in the chart below.
In the comments for the prior post, we counted an expanded flat wave up, and it was a very weak wave at that. The daily slow stochastic has crossed lower, and that indicates that the Doji day might only be a consolidation / continuation day.
Also in the comments for the prior post we counted one plausible count of a top in half-hourly Crude Oil. There was a big dip lower, and then a deep 78% retrace. Tomorrow will help determine how that goes.
Price action is whippy. One still needs to stay on their toes and remain flexible, patient and calm.
Have a good start to the evening,
TraderJoe
CL 2-Hr: still diverging at the high. Here is another plausible count good to 92.62 only, again a fairly tight wave-counting-stop.
ReplyDeletehttps://www.tradingview.com/x/JDffjoPK/
TJ
CL 2-Hr: now below 90.52 CL has a down wave longer than wave ii. Not likely to have a further contracting diagonal, up, according to the 'rules.'
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TJ
A new post is started for the next day.
ReplyDeleteTJ