SP500 – Road Map

In this report, we examine the latest signals across multiple timeframes and outline the short-term path for S&P 500 futures. The scenario discussed in the monthly report now has a real chance to materialize as early as tomorrow, making the next session especially important for confirming whether the market is only extending the rally, or beginning the pullback we have been preparing for. Short Term Right after the open, ES likely completed a triangle in a very classical way, slightly surpassing the imaginary boundary but not exceeding the top of wave c. After completion, futures surged impulsively upward in a thrust wave, extending almost precisely by the length of the widest wave of the triangle. As I type, ES is forming a bearish candle, potentially a reversal one. If futures develop an impulse downward overnight, it could mark a short-term top and start at least a tactical pullback….