Here Is The Broken Record

There is nothing more to really add going into the holiday.  As long as we remain over 2080SPX, the market has left the door wide open to melt up into next week.  While I would really still like to see a bigger wave 2 pullback, the remaining over 2194SPX and consolidating does put a bit more of an immediate bullish spin on the market.

So, again, in order to get the bigger pullback, we need to break 2180SPX.  However, if we hold upper support and then rally through 2206ES, with follow through over 2215, it likely places us squarely in the dark green more immediate bullish count.

Enjoy the holiday.

1turnchart
1turnchart
Avi Gilburt is founder of ElliottWaveTrader.net.