Here is a daily chart of the December e-mini futures going back to the July top. This is an updated version of the chart I showed you last week. I think the market is headed for the point where the rally from the September 12 low at 1123 will equal the size of the rally from the 1105 low which was 119 points (blue dash boxes). This implies an upside target of about 1242. I think we shall witness this top within the next week. Following that I expect the ES to begin a move which will take it below 1000 over the next few months.
1 comment:
Was yesterday close a game changer ?
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