Eloquent

es 8\26 update

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CME_MINI:ES1!   S&P 500 E-mini Futures
here's that minor wave 4 correction i spoke about in my last post.

took a little longer to play out than i had originally anticipated, but here we are today.

sub-wave 5's tend to see truncations often (which means they don't reach the designated target due to increased buying pressure).

that sub-wave 5 of wave c puts in wave C on a larger degree of this minor a-b-c correction

Wave 5 target = 4528.25

that upside target should put in a top, followed by some kind of larger term correction. it could be a flat, or it could be sharp - we won't know until it comes.

Kommentar:
wave 5 of wave c saw a truncation, just as i had expected - look to your next area of local resistance at 4500~4510 before another minor pullback

upside target remains the same, possibly slightly higher than what i've had projected in this post. will update the thread if something changes.


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