Unless you checked really closely you might not recognize that today in the daily ES futures was actually a lower low day. This keeps the swingline headed in the downward direction for the present.
Today's close was also lower than the lower daily Bollinger Band, making two consecutive days in a row and lowering the odds of the next close below the band to about 3 - 5%. The daily slow stochastic is in over-sold territory currently. However, not too much is impossible with prices and it they do decide to give way, lower, the next interim targets are the futures roll-over gap on 16 Sep and the 100-SMA which are just about at the same location.
We'll have more on the Elliott Wave count on the weekend. For now, have an excellent start to your evening.
TraderJoe
Thanks
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