Tomorrow is VERY important

With ES trading down all the way to 860.25 today that puts us very close to our confirmed sell signal. Essentially, price needs to continue to strengthen from today's close and quickly get above our 910 level to keep the bear market rally alive. I've put together two different counts based on what we might see tomorrow. But the implications are significant.


In this scenario, we count the corrective move as complete and will strengthen throughout the remainder of the week and likely into the inauguration next week. We will re-test the previous highs, likely make a slightly higher high (possibly to ES 960) to finish off wave 4 and then begin a decent into new lows.



In this scenario, we count wave 4 complete. After a little strength tomorrow morning, we break down again and test ES 850 area to finish off wave 1 of 5 (or 1 of 1 of 5) and then do a retrace the rest of the week and into inauguration (likely 61.8%+) and then move down hard in wave 3 of 5 (or 3 of 1 of 5 depending on how this subdivides).