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| Triangle E |
Pre Market Update
Still trying to figure how this triangle will resolve.
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| ES |
ES now looks like it is in the heart of it's wave E.
I see three waves down to approximately the 62-78% retracement of wave D. Let's see if it bounces from here or if it plans to shoot lower to the TL below. Watch the potentially falling wedge here too.
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| SPX - Triangle 1 - 60 min |
SPX should be doing the same so we shall see. Watch that green TL too.
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| SPX - Triangle 2 - Daily |
I posted this one a few days ago. I'll bring it back as a reminder especially for those playing contrary to the conventional triangle. Note where the 50 day SMA is though. It is currently at 1222.
