Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Red Dragon leo (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

ES Morning Update August 6th 2025

% of readers think this story is Fact. Add your two cents.


Again, the market is doing as expected with the waves, but it rarely works out this smoothly. There’s usually some tricks that try to get traders trapped on the wrong side before the real move, which too me is the squeeze for the wave 3 inside the wave 5 up.

It still should start from a low this Thursday but of course I could be off a day and maybe it happens on Friday? But for now we appeared to have ended the wave 1 up inside wave 5 and started the ABC pullback for the wave 2 down. We “might” have finished the A wave and if so, there’s a B up coming that should not take out the recent high for wave 1 (6377 ES), which then leaves the C down to follow, which then will complete the wave 2 down.

Oddly, this is lining up for the ol’ “Pit Bull Low (coined phase by Marty Schwartz)” where back in the old days (before daily options, when there was only the monthly one’s) it was common to see the market bottom on the Thursday/Friday of the week prior to OPEX week. Market Makers would sell “puts” to the retail and then squeeze the market back up into the 3rd Friday (again… OPEX week) to make all the puts expire worthless. Then the market would do the best pullback after OPEX week ended, which is usually the last week of the month. This is lining up to happen again it seems as (if) we hit the upside FP of 655.66 into OPEX week the following week should have a really nice drop. How much I don’t know?

But if it’s slow then the 588.79 FP is probably all we’ll see. If that is hit too fast, like into the end of the month, I’d look for another drop later in September to the 5300′s to fill that gap on it. From there we should rally hard into the rest of the year. Several different paths the market could take but this is looking quit possible.

Have an blessed day.


Source: http://reddragonleo.com/2025/08/06/es-morning-update-august-6th-2025/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

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.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. 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.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.