ES Morning Update August 19th 2024
Friday went a little high but not much overall. I posted an updated wave count on Friday and so far it’s still looking accurate. This week we should pullback early for a medium wave 4 of the large B up, which on the chart I projected it to around the 5400 area as that’s about the 50% retrace mark from the low to the high with this rally, and a move back to that area would be deep enough I think to get more bears onboard to squeeze again into the end of the month, and I don’t think there’s current any bears left.
They were squeezed out last week as we went higher then most expected, even me. I was only looking for 61.8% but we hit 78.6%, so that was more the expected. It’s also possible that we just chop sideways this week for the wave 4 pullback, which is fine too as bulls just need “time” to cool off the short term overbought charts.
The market never makes it easy so if they go sideways that will frustrate bulls and bears both, and it will form a handle for a “cup and handle” pattern, which opens the door for that last move up into Labor Day to make a higher high on the ES/SPX (most likely) but lower high on the NQ/NDX. One of these pattern will very likely play out… the sideways chop is the most frustrating, but don’t rule out a fast pullback to make the right shoulder of an “Inverted Head and Shoulders” pattern and suck in some more bears.
I do not know which one will happen but since the wave 2 pullback was a fast and scary drop I have to lean toward the sideways pattern for the wave 4 as wave 2′s and 4′s commonly flip in how they unfold. But if it repeats the fast pullback I’d expect it to happen between Monday to Wednesday of this week as that’s about all the bearish period that I see for now.
Have a blessed day.
Source: http://reddragonleo.com/2024/08/19/es-morning-update-august-19th-2024/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary new Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula.
This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting.
Order Your Humic Fulvic for Your Family by Clicking on this Link, or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,636,060,514 |
| Stories: | 8,238,664 |
Whistler Blowers, Insiders
