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es 12-5 update ~

es 12-5 update ~

good evening,

after doing some thinking about this correction, and speaking to a few traders within the spx community, i have to lean toward the current correction that we're in as a wave (2) of a higher degree.

initially i was thinking it was a sub-wave 4, but it has gone on for far too long for this to be anything more than the beginning of the next big wave.

i think we see more sharp sell offs intra-day, and overnight bull traps until the golden zone is reached at $4437~$4422.

from there i'm projecting a wave (3) which will go up to around 5200 give or take.

be very careful with longs this week.

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