The daily ES chart is below. Nothing has changed to invalidate the count presented days ago. The market is whippy as anticipated. "First-of-the-month" money from the usual passive sources is flowing robotically into the market near the all-time-highs, and in the month of September.
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| ES Futures - Daily - Plausible Count |
One might watch to see if the upper daily Bollinger Band is hit. And, if so, does price proceed further to the upper line dashed blue parallel shown? Or is there to be a reversal on the payroll numbers tomorrow? So far, the other most-recent economic reports have been treated benignly.
The swing-line has a lower low and a prior higher high, so it is waffling; not trending. But prices are over the 18-day SMA so the daily bias switched to up.
Have an excellent start to the evening,
TraderJoe
