ES Looking For Support Near 3920 - Then LIFTOFF

13 janv. 2023

Pay attention. Today will likely be a large range bar - possibly with a deep low near 3920.

My SPY cycle patterns call today a "Major CRUSH". That means we could see a very large price range today.

Combined with other SPY Cycle patterns, I believe the ES will attempt to establish a base/bottom - retesting recent lows.

As we move into 2023, be aware that cycle trends have shifted. We are entering a Wave-5 bullish price trend.

This Wave-5 trend may not result in new all-time highs this year, but we should see a solid recovery/reversion back to the upside.

There are still risks related to the global banking/credit system, so stay cautious of crisis events.

Follow my research. Pay attention to the clear market data - not the perma-bears that continue to tell you a "major crash" is about to happen.

After today, we move into more bullish consolidation as Earnings start to hit.