Last week's decline DID NOT BREACH THE APRIL LOWS. To be 100% objective, as long as price is above the April lows, we still retain the ability to make one more high. That is the purple arrow on the above chart. Price will need to breach 5587 in pretty much a straight shot now, as this would be a wave 3. However, that is not my primary analysis.
My primary analysis is the ES Futures market is in the final stages of it's minute circle b-wave. that should complete in the target box on the chart. From there, price should be declining in minute circle c-of Minor A. In the ES that should be in the area of the April lows, or slightly below 5,000.
Best to all,
Chris
My primary analysis is the ES Futures market is in the final stages of it's minute circle b-wave. that should complete in the target box on the chart. From there, price should be declining in minute circle c-of Minor A. In the ES that should be in the area of the April lows, or slightly below 5,000.
Best to all,
Chris
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