Friday, June 19, 2026

The Battle of Juneteenth

This famous historical battle is being fought at the 18-day SMA on the ES daily chart below. The snapshot was clicked about 9:30 am - just a few moments ago. It's hard to get closer than that.


So far, the correct answer to the question of, "will the up (green) fractal or down (red) fractal be broken first?" is, well, neither. Reminder: Globex only has a partial day today.

Have an excellent start to the day,

TraderJoe

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4 comments:

  1. manuJune 19, 2026 at 10:17 AM

    Thanks Tj. I see a 7520 print overnight in es.

    ReplyDelete
    Replies
    1. Henry GondorffJune 19, 2026 at 11:22 AM

      I am counting the 7520.50 low in the September ES Futures as a possible X wave in what may become a "Double Three" correction.

      Delete
  2. JackJune 19, 2026 at 12:36 PM

    Seems like we are making a triangle

    ReplyDelete
  3. JackJune 19, 2026 at 2:54 PM

    Tj i am struggling with markets making low on 3 waves and we think its a flat but then it turns out to be not the case. Same thing last night low was on 3 waves and since that point market kept on going up. Your thoughts please are we missing some wave labeling that has manifested in recent years. https://www.tradingview.com/x/z1ILIFMN/

    ReplyDelete

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