SPX (ES) continues it's arduous journey higher. I expect a buying climax in the coming days before taking on any serious short positions.

2 Scenarios:

1) Price action is at 1.618 of the local abc count (4183) and will correct
2) Price action has more room to expand toward 4250 range.

Regardless, I am looking for confirmation via divergences and price action.
Chart PatternsWave Analysis

Declinazione di responsabilità