Time to BTFD in ES_F?

20 ก.ย. 2021

Greetings traders! A big down night in the stocks on the back of the Evergrande story, but are we technically at a turning point? Each of the highlighted pivots has a technical relationship to the high and todays low. Go check them out for yourself! Add to that some very nice channelling that helps to solidify some Elliott Wave patterns (potentially) and a Cypher reversal pattern that has completed, and we have many layers of confluence that makes me think the market could try and reach back to the retracement zones between 4420 and 4450 where the 50 MA lies. The 50MA has provided good support for the mkt all year. Will it now turn into resistance?