Bear Squuuueeze?

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Hadapan S&P 500 E-mini (CME_MINI:ES1!)

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CME_MINI:ES1! Hadapan S&P 500 E-mini

elliottwaves es1! spy

This will squeeze all of the mothers of bears if this plays out.

Komen:

Right now we have a bear divergence. Expect a pull back to trap.

Komen:

As long as RSI is above 40

Komen:

ES has nice setup for continuation. There is a hidden divergence I found.

Komen:

So far this still plays out. Retraced 0.618. I entered at $3674. Stop loss at $3625.

Komen:

We got a problem. This might be a Leading Diagonal. Not sure if this will be ABC or 12345. If we take out $3625, this will be super bearish.

Komen:

For bear case, looks like bears win. If this continues to $3520, we are going to short at $3800 to $2200. This is going to be it.

Komen:

If SPY couldn't hold $360, I expect it would bounce it at $350 and reject at $410 in middle of November. $400 is is 0.618 of the retracement. We can short there.
This is my plan I would like to share.

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