Thursday, May 8, 2025

Smaller Wedge Still in Play - 2

While nothing is locked in stone in the ES 4-hr chart, the recent waves have been exceptionally difficult to decode.


The upward diagonal could be over because of the overlaps, and there could be a Flat wave in progress as shown.

Have a good start to the evening,

TraderJoe

9 comments:

  1. SPY 5-min: opening gap filled and lower low. TJ.

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  2. Thanks Tj. Deal with China seems big seeing overnight es.

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  3. One Expanding diagonal is invalidated with this move. Bigger ones, and the triangle, are now in focus. I'm sure there are more.

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  4. My it is quiet around here! Where's everyone? The series gaps seem to have presaged the bullish run but will it last? News driven price action rarely does....

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  5. My it is quiet! Where is everyone? 😊

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  6. At the top of your B/2 here, great call

    https://studyofcycles.blogspot.com/2025/04/spy-local-count.html

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  7. Sorry I had a travel day today and couldn't work much on the blog earlier. A new post is started for the next day. Have an excellent start to the evening. TJ.

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