S&P 500 Index Futures Contract (ES) – 60 Minute Chart
The bounce in the ES contract looks almost identical to the NQ contract that I wrote about earlier today.
Russell 2000 Index Futures Contract (RUT) – 60 Minute Chart
The RUT is right at the 61.8% resistance level in the SLOT.
If my bigger wave count is correct, then today’s move higher in the equity markets looks like it would make perfect sense to stall out and then head lower to complete the bigger 2nd Wave on my corrective pattern road map.
Cheers … Leaf_West