ES 8-19-22


Didnt post yesterday because nothing changed in the forecast. Heres how we look so far...
Click image for original size
hourly
Click image for original size
10 min
Huge downdraft in ticks here... Remember 4231 is still doable!
Click image for original size
screenshot20220819 103706
. Ticks are making a nice recovery so far but still negative. I basically go by the black mov. avg. to filter out the noise.
The black avg of cumulative ticks that i follow is finally back to zero giving hope that at least a temp. bottom might be in place.
Well, she went 10 points lower than I thought but 4230 held for quite a while.Finally,it gave way but the forecast of one more push up to new rally highs is still intact.got 12 points off a long early from 4242, then another long at 4232 was stopped out. But I had faith in the analysis so I went long again at 4222 and bailed after 10 points. All told, a pretty good day.Hope u guys had a good one too.