#SPX = Daily Analysis = 19.07.2021 $SPY #ES_F

Today SPX/ES gapped down as expected. The wave down in ES does not look completed though.

Forecast:

  1. Expecting ES to complete wave v overnight, as on the chart.
  2. Tomorrow we would probably see an attempt to close the today’s gap.
    – If tomorrow’s candle closes above 4314.25, there is a chance that the correction is over.
    – If the gap remains unclosed, the wave today is likely only the first wave of the correction.

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