fakeout into a shakeout

good eve'

over the last 4 weeks the es1! has seen a bit of a shakeout which has scared a lot of people out of the market. whenever these things happen, i always wonder what it is that they're afraid of?

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the es1! completed 5 waves up on a weekly timeframe from the 2023 low which we predicted, to the 2024 top which we did not pinpoint this time around.

i'm predicting we sweep the high 1-2 more times into the fed pivot,
before dropping very aggressively into the presidential election.

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if all goes well, the timeline will look like this:
> we pop to sweep the high into the "fed pivot"
> we drop -20% into the presidential election.
> the presidential election turns out to be favorable for the market:
> next bull run begins.

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i'm not your financial advisor, in fact - i'm not telling you to be a buyer nor a seller.
just sharing my interpretation of the chart in front of me.
do with this information what you will.

🌙