Slam-o-rama today, especially this morning. I'm sure the boys in the pits pocketed some nice coin. The pattern since the low @ ES 1090.25 yesterday has multiple overlaps and looks quite corrective in nature. Also, volume continues to be tepid. Yes, we could push up to test recent highs tomorrow, but it's the less likely option IMO.
I did my best Elliott wave analyst impersonation on the chart below, I'm sure there are better ways to count it, but the take away message is the lack of a clearly impulsive pattern.
