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ES1! - S&P 500 Bear Count
Micro E-mini S&P 500 Index Futures
Short
ES1! - S&P 500 Bear Count
By Tr8dingN3rd
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Updated
Feb 18, 2022
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Feb 17, 2022
The 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks.
Any Swing or Pullback can be counted from 0 to 5.
When 5 is reached, it restarts from 0, again to 5, just in the opposite direction.
This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules:
Up-Swings:
A new high is CONFIRMED when the last low got broken
Down-Swing:
A new low is CONFIRMED when the last high got broken.
Here in the S&P 500 we see 3 different counts.
- grey = Pendulum Swings, the biggies
- yellow = Swing count withing the Pendulum Swings
- red = Pivot count within the yellow Swing count
Currently we are in a overall down-count.
Nr. 3 of the grey, Nr. 5 of the yellow and Nr. 3 of the red. So, a very good short opportunity.
Another short indication is the nice dobule-top at the white center line of the up-sloping pitchfork.
And finally the bear flag where you see the red 1-2 count.
If all this fails, then we see a much higher grey 2,4,5 high count.
Let's find out.
Feb 17, 2022
Comment
So far we're on track.
Let's see if it's really tanking.
Feb 18, 2022
Comment
All tough I expect a intraday pullback, mid term we will see the grey leg 3, a new low.
Chart Patterns
es1short
Technical Indicators
sp500short
S&P 500 (SPX500)
Trend Analysis
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