ES Journal - 2023/2024

What I anticipate is that we'll have an eventual move to 4800 area by year's end, followed by a drifting sideways/down for perhaps an extended period of 6-9 months and then the next leg higher into the 5ks as the bull market that just recently started reignites.
 
Buy1Sell2 said:
Notice how we moved out of the bull flag to the upside once but there was no continuation. That's what I am looking for ---a break to the upside out of the channel with a continuation. Reminder---we are on the backside of a cup and handle here with IHS in daily, weekly and monthly.View attachment 307462
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There was also a channel line overshoot at the end of the bull channel, price made it back to the other side and then kept going after failing to get back into the range.

Good bull and bear case. It'll be interesting to see if we just go sideways.
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Georpe said:
There was also a channel line overshoot at the end of the bull channel, price made it back to the other side and then kept going after failing to get back into the range.

Good bull and bear case. It'll be interesting to see if we just go sideways.
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Good case for sideways. We first broke 4K back in May last year and have since crossed it many times back and forth. However D and W TFs show a symmetrical wedge converging around 4K. When it breaks out it may be epic.
 
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