the_sunship

ES mini - ABC with an unknown bias

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CME_MINI:ES1!   Hadapan S&P 500 E-mini
Gapped down on futures at open, so we're currently under the daily 18ma. Getting over it tomorrow would indicate to me the B wave will continue to about 3850 into the election and then we should have a powerful C leg down. Keep in mind that VIX has been selling off consistently for almost 2 weeks straight so a bounce there is expected soon. If the market is around 3600 when CPI comes out I'm betting it's a buy. Two paths are shown below, good luck.

Komen:
Komen:
VIX to daily BB target would be around 23 dollars
Komen:
As of now the 18ma and pitchfork fib has held, I expect more upside to 3860 area before a larger leg down.
Komen:
it's possible this B wave is finished. If there are problems with the elections today, we may get a sell off today. Nothing confirmed and 3840-60 still possible.
Komen:
if they can start getting under 3780 the channel will be broken
Komen:
here's a possible count, if it's correct it should finish today around 3850 -60

Penafian

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