Use the pattern shown, with a 4584.50 rally target, to confidently trade and second guess this vehicle. It has already produced a nearly $50,000 ‘mechanical’ winner from x=4216.75 and looks reliable for doing so again if the futures should surprise with another swoon to the green line. More upside to D=4584.50 is not quite a done deal, since we’ll need to see this short-squeeze take out p2=4461.75 decisively first. Notice that if ‘D’ is achieved, that would generate the first major, bullish impulse leg we’ve seen on the daily chart since a presumptive bear market began on the second trading day of the year. At that point, we bears had better not be so complacent, since the crooks running this gaff would stand an excellent chance of achieving new record highs.
ESM22 – June E-Mini S&Ps (Last:4453.50)