So far, the overnight action has an a-b-c, up, as in the ES/SPY (CFD) 30-min chart below. The intraday slow stochastic is meandering around the 50% level.
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| ES/SPY (CFD) - 30 min - a,b,c up |
The a wave up is an expanding leading diagonal, and the c wave is an impulse for good alternation in a corrective wave that has a marginal higher high. Three waves unfortunately does not provide that much information yet except that it looks corrective at this point.
Please be sure to translate this to the instruments you are following. Have an excellent rest of the day and start to the week.
TraderJoe
ES/SPY(CFD) 5 - min: at least a diagonal downward to 100% of ③; might turn into more. Watch that 100% level, and the high.
ReplyDeletehttps://www.tradingview.com/x/y0MSi4nN/
TJ
..now down through 100%. Either b wave of flat or next impulse. TJ.
DeleteES/SPY (CFD) 30-min: closes opening gap up.
Deletehttps://www.tradingview.com/x/CskXl15u/
Native ES 30-min did too.
TJ
ES/SPY (CFD) 30-min: another close below the lower band. Slow stochastic is over-sold.
ReplyDeletehttps://www.tradingview.com/x/2HwZ6bbx/
TJ
..and down to S2 daily pivot. TJ.
DeleteNow upward overlap on all downward waves .. which suggests the following count.
Deletehttps://www.tradingview.com/x/10KKWzzI/
TJ
ES/SPY (CFD) 30-min: into the cash close the swing-line is up but price is still under the intraday 18-period so the two fight each other at this time.
ReplyDeletehttps://www.tradingview.com/x/V1vTDwUn/
TJ