Nov 28th – ES

  • Posted by Houssine
  • Date November 28, 2022

Good Morning! I hope you all had a wonderful holiday celebration.
We closed the position with nice profits right before the holidays.

Prices are now at an important level of support which has so far been respected, but I expect them to continue lower. Should there be a print below 3934, we’ll need to consider a truncated wave (5). Otherwise, we may still see prices moving higher after finding support above 3934. If so, that would probably be an ending diagonal.

Houssine

Prof. Aldo Lagrutta is an awarded Certified Financial Technician from the International Federation of Technical Analysts and holds several financial market designations, including the coveted Certified Elliott Wave Analyst.

He is a also a member of the Society of Technical Analysis, holds the CFT’e and is a recipient of the Bronwen Wood Prize bestowed by the Society of Technical Analysis in London.

Prof. Aldo Lagrutta grew up as a music child prodigy and became the youngest Professor to teach in several universities and conservatories around the world. He performed for 2 decades as a concert guitarist in Europe, Africa, North and South America.