ES1!: Extended ABCD completion on trend line

Been lazy with the posting as I have been over-indulging over the holiday period. As the title suggests, there is an ABCD completion on the ES1! on a long-term (2009 - present) up-trend line. At current pricing, the market is pricing c.5% 2019 eps growth at c.14x PER. 5% eps growth is just about right for annualized eps growth for this cycle (ex-extra ordinaries like tax cuts etc) whereas 14x PER is on the low end. So technically and valuation-wise, I would expect a counter-trend rally to the 2,700 region (78.6% retracement and c.16x PER). This would provide some balm to the suffering bulls. To the bears, chill, it takes a while to kill a secular trend.

交易結束：目標達成:

We are 59pts away from the 2,700 target with a short-term ABCD completion. There may be and should be more to elk out at these levels, but it is really time to take money off the table and say thank you very much to Mr. Market.