The Russell 2000 Futures had quite the little retrace wave today (the blue arrow on the first chart). Where is the similar wave on the ES E-Mini S&P500 Index Futures?
|Russell 2000 and ES E-Mini Futures - 4 Hr - Different Retrace Waves|
|ES E-Mini S&P500 Index Futures - 15-Minutes - After Hours and Today|
There was quite a whipping of prices from 2,914 to 2,936 (some 22 points), and then down to 2,917 before starting a grinding wave up of some type - either an expanding diagonal, which is potentially ominous, or a triangle (which does not look very symmetrical at this time), so the former is favored. Luckily, I was sound asleep for the first section of the chart.
Have a very good start to your evening.