discobiscuit

discobiscuit

Looks like a leading diagonal, looking for temporary bottom above 14198.50, move back towards 15400.

discobiscuit

Altered my count a bit, still looking for a move towards 4400, then a final impulse to 3900-4000.

discobiscuit

I have three 1/2's, the most recent one (in yellow ellipse) with an expanding leading diagonal 1 followed by a zigzag 2 (truncated C of zigzag). WXY correction in red ellipse, ABC expanded flat correction in orange ellipse. Overall, this is a very bullish chart.

discobiscuit

4235.50 support broke, I have price action since October 4 to be zigzag up to 4430.50, regular flat (looking for completion above 4100, expected impulse wave C to complete above 4430.50.

discobiscuit

From low of 4235.50, I have leading diagonal impulse wave, expanded flat correction, completed impulse wave, and WXY correction. Price action in yellow ellipse could be impulsive, or may be corrective and added to preceding WXY.

discobiscuit

As long as 4430.50 holds as resistance, I'd like to see two more lower lows on the daily and to be a buyer in the grey rectangle (with 3931.75 and 3917.25 support to be tested), with idea that price will return towards high of 4683.50 over the next 6 months. I do not expect October 2022 low of 3662.25 to be broken on this bear rally down.

discobiscuit

Bearish count, looking for impulse wave to complete in 23000-24000 range.

discobiscuit

I have one completed impulse wave (green ellipse), with bullish and bearish interpretations of price action in the blue ellipse. Two impulse waves down from today's high of 4430.50 (red ellipses). If price breaks above 4417.50 with impulsive action, then I think that a long-term bottom at 4235.50 is most likely complete. If high of today holds as resistance, and...

discobiscuit

Alternative bull count, if price breaks below 24916.18 Possibility of there being a 1/2,1/2 here, but I think this to be less likely, especially if 24916.18 does not hold as support.

discobiscuit

Looking for two more impulse waves down, two more lower lows, to complete the C wave of a zigzag down from ATHs. Count invalid with price above 1900.40.

discobiscuit

Looking for regular flat to be near complete, two more impulse waves down to get price below 32254 and complete expanded flat B wave. Count invalid if price breaks above 34382 and 34637.

discobiscuit

Bulls looking to complete impulse wave (in red), bears looking for C wave of regular flat to be near completion (in white). Key levels are 4304 and 4235.50.

discobiscuit

Price action off low of 4235.50 is making a solid case for a bottom so far. I don't see a need to FOMO in a trade at this point. If the impulse completes as shown, followed by a three wave corrective structure, then that would be worth a long position, IMO.

discobiscuit

Comparing ES1! and YM1!, I'd like to see one more move down for each to complete their corrective structures. I would look to long once YM1! breaks below 32254. I would like to see ES1! get below 4173.

discobiscuit

I am looking for bottom of expanded flat (green ellipse) to complete below 32254 but above 29790. After bottom prints, I'm looking for an impulse C wave back towards ATH, to complete the zigzag from October 2022 low.

discobiscuit

Bull count in red, bear count in white. 4258 support broke on Friday, 4235.50 did not break, bulls took over and price quickly reversed upward for the rest of the day. Bulls need price to stay above 4304 and 4242.25 to keep the impulse wave going. Bears see Friday's price action completing regular flat rather than the start of an impulse wave upward, and they...

discobiscuit

Key level is 4258; bullish above, bearish below. Break below 4258 (and then 4235.50) is a strong indicator that top of bull rally is in, and that price is heading to October 2022 lows.

discobiscuit

Bulls see 1/2 of impulse wave forming off low of 4235.50, bears see zigzag. Bulls need to get above 4371.25, bears need to get below 4235.50.