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Here’s the 2 hour bar chart on the ES S&P futures. Looks real bottomy from here. If they get clear of 4397, look out above. Next stop 4420, and wait to see how the pattern around there shapes up. Consolidation, or top.
Meanwhile, when we zoom into the 1 hour bars, you can clearly see the fartcals. It’s so clear, it’s almost as if someone could draw ovals around them.
The 5 day cycle projection is currently 4410-15. The hourly oscillators are still bullish and have running room.
This is just the intraday look. For more: Head and Shoulders Above
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