Oct. 13th – ES

  • Posted by Houssine
  • Date October 13, 2022

Today I’m showing a count that still sees prices lower in the short term. Given the fact that the ES has taken so long in a sideways trend and have not been able to make progress in either direction, I’m suggesting a potential Horizontal triangle.
If that is correct, Critical Resistance would be 3653 and the AC trend line is pointing down. So the next breakout should be to the downside.

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.