S&P 500 E-mini FuturesUpdated One Potential ES Outcome
I wanted to do a rough outline of those things might play out for the mini. I just don't see the crash everyone is expecting.
If history repeats itself as seen by the first set of rectangles and their subsequent counterparts to the right, it would mean one last push up before the larger correction starting end of December and through January. Tomorrow we have the FED announcement which will likely start off the bull rally into Santa. After that final euphoria, the correction could start, but I think it would be unlikely to get much below 3500s.
Crazier things have happened, but this forecast seems a certain amount more realistic than another COVID crash or any type of massive swing. Whipsaw flat is where we have been and it would seem that would continue until the more gradual decent early next year. After that it is anyone's guess, but I anticipate overall flatness on the horizon.
If history repeats itself as seen by the first set of rectangles and their subsequent counterparts to the right, it would mean one last push up before the larger correction starting end of December and through January. Tomorrow we have the FED announcement which will likely start off the bull rally into Santa. After that final euphoria, the correction could start, but I think it would be unlikely to get much below 3500s.
Crazier things have happened, but this forecast seems a certain amount more realistic than another COVID crash or any type of massive swing. Whipsaw flat is where we have been and it would seem that would continue until the more gradual decent early next year. After that it is anyone's guess, but I anticipate overall flatness on the horizon.
Note
i would say this is going to play out almost perfectly
The prediction is in...
= FIB
= FIB
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The prediction is in...
= FIB
= FIB
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.