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Saturday, December 16, 2017

Saturday, 12/16/17 update

And the beat goes on.
When looking at the below charts understand that we are still in a bull market which shows no notable signs of slowing down as of yet.  Although the current count has the ES approaching a significant top it's not there yet, and any of these bull waves could extend to much higher levels than indicated.  So the levels indicated in the charts are tentative, or better yet, tenuous.

There is the possibility of resistance at ES 2697.50 for the rally that started Thursday evening.

Short term chart:

Intermediate term:

Long term:

NOTE: dotted lines show potential EW structures and are not necessarily accurate price/time forecasts   
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