ES

The equity markets turned a potential bad day into a decent positive day. Volume was a touch below average, while range was 19.75.

Taking out the 1043.75 H basically blew up the double zigzag, at least how I was counting it.

This is another way of looking at this move off of the 986.75 L. This is a 15 minute pit session chart. Based on this interpretation, we are currently tracing v of sub-minuette degree.

What will it complete? Who knows. I guess a minuette (i) of (v) of [iii]. You could also ratchet up the degrees by one and be finishing minute [iii]. Or possibly something entirely different.

It's just not clear exactly where we are in the structure. Sure looks like a big ABC to me off the 971 L - no?

The Bull Bat worked like a charm. I took profit at the 1st and 2nd targets.

Don't forget that we have a Bradley date tomorrow.