Feb. 2nd – ES

  • Posted by Houssine
  • Date February 2, 2023

The 4180 Critical Resistance has not been violated despite the surge yesterday. Being so close to this level demands that prices start turning lower. Otherwise, we’ll need to look for a more bullish alternate count. As I said yesterday, the trend lines need to be broken to give us some indication that the bearish count is indeed the correct one.

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.