ES Long 4185 Area Mar-Jun Bottom Target 5000 Top is 5250

I am expecting a very complex consolidation pattern to confuse both sides. I am looking for a falling wedge type pattern to pullback to the green line which lines up with countless confluence of support (Rising weekly 200sma, bottom of trend channel, Prior resistance turn support, deep move under a flat 200sma, falling wedge bottom)


I will be sitting out of the market for my long term plays until June 2024 time frame.

I believe everyone has their channel drawn wrong and when the falling wedge breaks that, then they will think market crash and short but I will be looking for the buy

Target is 4900-5000 with the absolute target of 5250

I believe with 95% confidence that 5250 will be the top before the massive sell off down to 3200.

Kommentar:

My personal biases are bullish until 2025 price point 5250. I will switch to bearish until the low of 3200. Then back to bullishness until 2029 price point 6000