ES Morning Update October 17th 2024
We got the bounce I was expecting yesterday and it never took out the 5900 level. I think it will continue to hold and that we are in the early part of the pullback to 5600-5700 on the ES, which could be over quickly (by Mon/Tues) or drag out slowly into the end of this month.
I lean toward it happening quickly as it’s not very far down and there’s not a lot of time left for the rally back up to 6100 (roughly)… that’s “if” it’s going to top out into the election? The election could drag out as the Deep State try to delay it until they can create enough votes (out of thin air) to steal the election. But I don’t think they will be able to as I think God will stop them and put Trump in for another 4 years.
Call it divine intervention basically, but I just don’t see satan winning this battle. Meaning we could chop around up at the top area for a week or so after the election. It’s setting up the rest of November and part of December to drop hard to hit my FP on the SPY of 483, which could be right into Christmas like 2018 did? This is what I see as possible based on the time remaining and the technicals.
Have a blessed day.
Source: http://reddragonleo.com/2024/10/17/es-morning-update-october-17th-2024/
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