Today SPX/ES gapped down as expected. The wave down in ES does not look completed though.
- Expecting ES to complete wave v overnight, as on the chart.
- 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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