Evening Update: Incrementally Extending Higher

15 août 2022I do not think we're in jeopardy of price running much higher...I think it's more a matter of when price will top. From there we start to scrutinize the decline. It's important to note that this move on a micro basis has extended to the 2.0. In my experience this resembles more so a C wave rather than a wave 3 of an impulsive structure.

As posted earlier I'm short the ES futures via Futures Options strike 4400 EOM August.

Best to all,

Chris