Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Red Dragon leo (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

ES Morning Update May 21st 2021

% of readers think this story is Fact. Add your two cents.


Ok, looks like the markets held there ground last night and are trying to push up more this morning. We a still in a medium wave 3 up from that 4055 low two days ago. And this medium wave 3 appears to be close to the end of its first small wave 1 up. I say that because I can count 5 tiny waves up right now, with yesterdays sideways action being tiny 4 and tiny 5 up in play this morning.

When this ends, which is likely today, we should see a small wave 2 pullback, which could happen over the weekend and in the premarket on Sunday. Anyone that has played the SPX/SPY only and not the ES Futures has seen this happen to them over and over. The first 5 waves up complete, they short it over the weekend looking for the ABC pullback.

They see in the futures Sunday night, but by the time the open comes on Monday the pullback is over with and the market opens flat… or worst, it opens up and starts the next 5 wave push. I point this out because I’ve been one of those suckers, and boy was it painful. Let’s not forget that current rally from the 4055 low is a medium wave 3 up and it should subdivide into 5 smaller waves, which they too can divide into tiny waves.

Why try to go against the trend is my question? I know why I used too do it all the time… because I’m was a stubborn diehard bear. Today I’m still a bear at heart but will trade whatever the market gives me. And since it’s rigged for the bulls I might as well ride on their backs until it finally ends. I posted a chart in the free chatroom yesterday that if medium wave 3 up is 1.618% medium wave 1 up, (which was about a 150 points) then 3 up is 242 points… and that’s just a hair under 4300.

Of course there’s no guarantee that 3 up will be that percentage, but it’s a starting point. Sometimes wave 1′s and 3′s are equal in points, but usually 3′s are longer. Maybe only 1.382% or 1.5%… but that’s still up into a new all time high area, which you know that once that happens stops will be hit by the bots (SkyNet) and cause a move up toward 4300.

For today I don’t see much more on the upside left. It might grind up toward 4200 for this tiny wave 5 but if it reaches it I don’t see it pushing through by much, or any at all. From there we should end small wave 1 up and start small wave 2 down into Monday. That might be 50 points in total, which could be an ABC move or one straight move… don’t know? But again, it could all play out in the Sunday futures and by the time the market opens Monday it’s completely erased. After this small wave 2 pullback we should start small wave 3 up inside medium wave 3 up, and that could last several days next week. If this wave count turns out correctly then a 3 of a 3 wave will be a nasty one for the bears as it’s a real squeezer. Have a great and blessed weekend.


Source: http://reddragonleo.com/2021/05/21/es-morning-update-may-21st-2021/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.