Futures E-mini S&P 500
Long

ES/SPY George W Bush Pattern

26
A thousand scenarios could unfold with price action. But if were to guess (which is exactly what I am doing (from experience), ES/SPY will take the longest and most torturous and yet most powerful route to form a bottom and pave the way for the big yearly move up...forming a W pattern. (no good old genius George has nothing to do with it). None the less the W will take the longest and be the most powerful proving a long and well crafted W pattern. The other alternatives are a multi day or multi week more shallow bottom essentially forming a series of smaller W's or my guess (as mentioned) which is a large W with higher top to bottom (middle of the W) movements, or of course we could just get a V bottom which means the only ones who really succeed most are the one who just buy and hold.

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