Currently: Cash Looking to: Short @ 3027
As of 6/24/19 as of 12:32am EST: 2,959.62
LAST WEEK: We suggested selling longs at 2961 and shorting up at 3027 with stops above 3035 and with a downside target of 2420.
UPDATE: By our count, ES futures are finishing up a fifth wave higher with a projected ceiling between 2960 and 3027. Thats not much upside left in this rally if we are correct in our wave count. If we are correct, though, the next large move should be lower with targets coming in at 2437, 2112 and 1850 (all Fibonacci retracements of the 2009 current day rally).
We would be taking profits on longs now and would be looking to start shorting between current levels and 3027 with stops on shorts on a close above 3035. Use 2,437 as the target.