On the 114 min chart of ES, RSI is in extreme O/B territory. Doesn't mean we'll immediately dump, but if the past is any indicator of the future...hmm. My WAG is since "peach" (a) came within one tick of the extreme high (of Black A) on 4/29/20 (see red arrows), then (b) will be a deep r/t...going all the way down to meet the black TL (under 2800). Then back up to where price was today to complete red (B) and peach (c)...than down to 2650 area for big Black B.
That's how I see it at this moment...
Go get 'em!
Drew
That's how I see it at this moment...
Go get 'em!
Drew