Thursday, July 7, 2016

Elliott Wave Futures - ES

ES Chart

On the daily chart, my projected forecast has played out as expected. And on the intraday charts, my sell signal for 20+ points also materialized. But now I have no signals or bias as the market is at a fork in the road at current levels. Staying under 2120 keeps a bearish outlook on the table, but a break above 2120 opens the door for Minor wave 3 to run significantly higher. I'm neutral until the market makes a decisive move from here.

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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.

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