Tonight, I update the current more preferred count that both the NQ and ES are within Minor 5th wave rallies to complete Intermediate 3rd waves. I am seeing slight differences between the NQ and ES, but that is within the minute 3rd waves in process for both. I also update a slight different view in terms of what actually completed at yesterday's highs in the ES. I also update and review the Fibonacci levels for both markets. The expectation for tomorrow is for pull backs to continue before the larger rallies pick up again.
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.
Comments
Log in or sign up to join the conversation.