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 November 8th 2021

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


Nothing has changed since my last update as I’m still looking for a 5-7% pullback into the end of November. The common pattern is to put in the “Pit Bull” low on the second Thursday/Friday of the month, which will be this week, and then a move up back up (or choppy) into the monthly OPEX to pin all the options at max pain. This pattern doesn’t always work but with the market up at a top and very overbought it should work this month as pullback this week is very likely.

The move will only be the A leg in an ABC pattern to make the Large Wave 2 down, which again should finish by the end of this month. If we see the pullback this week then next week we should see the B wave bounce into Friday the 19th, but it could top by Wednesday the 17th as the November VIX contract expires at 8am that morning and the common pattern for the big boys is to sell naked VIX calls when the market pulls back and then buy the market into the expiration of those calls so that they drop and expire worthless.

So anytime between the 17th and 19th the B wave bounce should be finished. Then the last week of the month we see the C wave to finish the Larger Wave 2 down. If this all plays out then we’ll see a huge rally in December and into early January for the Large Wave 3 up. I don’t have a crystal ball of course but so far this seems to be the plan, and of course it’s subject to change. For now though we’ll just follow the plan until something changes it. Have a blessed day.



Source: http://reddragonleo.com/2021/11/08/es-morning-update-november-8th-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.