Daily AB = CD target 1437.75. Weekly Target 1553.50.
Both Weekly and Daily charts have Bearish Butterfly patterns within the target zone. Whilst market remains in Bull mode top picking remains dangerous but watch reaction at target levels for a retrace. Minimum target for the Bearish Butterfly at 1289.
YMM2 -
Mini Dow is running behind the other indexes as per usual. Daily Ab = CD Target remains at 13689 with larger Weekly Target at 14260.
Similarly to the ES both Weekly and Daily charts show a Bearish Butterfly pattern. Minimum retrace target for these patterns lies at 12226.
NQM2 -
Unlike the ES & YM the Mini Nasdaq has already completed the AB = CD formation and is continuing higher. Daily Chart clearly has a break out of a pennant, the measured move target lies at 2837.75. Currently we have a Bearish Butterfly, above the 2.618 of BC at 2850 the pattern will be negated . Minimum Target of the retracement lies at 2408.25.
1 comment:
I was just shooting over to say something about the bearish Butterfly in S&P and you were way ahead me! ;-)lol
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