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<blockquote data-quote="Deepdiver" data-source="post: 1485633" data-attributes="member: 4603">Gentlemen:We have hit the CME cut-over date and all institutional volume is now trading on the ESU2021 Sept 21 contract.This is the 90 Day March to June 2021 Trend Channel and 5 Fractal Elliott waves Chart.Wave 5 is the most indeterminant with equal probability of Wave 5 = .618 times Wave one (Exceeded), 1.0 times wave 1 = target of 4292 next or 1.31, 1.41 or 1.51 times Wave 1.The major psychological target within the 9 point range of the technical number is 4,300 which is where the major institutions have loaded up on short contracts for the next S&amp;P ABC retrace to the .618 target of 3900 (The -25% Trend Line from the Green Mid line Channel Target Date June 30, 2021 to hit the 4,300 target top) then the shorter term ABC retrace to the 3,900 target.Late Sept 2021 SPY PUT options from 4300 to target 3900 would be an economical way to capture 400 leveraged points.This is NOT trading advice - trade at your own risk[ATTACH=full]31476[/ATTACH]</blockquote>

[QUOTE="Deepdiver, post: 1485633, member: 4603"] Gentlemen: We have hit the CME cut-over date and all institutional volume is now trading on the ESU2021 Sept 21 contract. This is the 90 Day March to June 2021 Trend Channel and 5 Fractal Elliott waves Chart. Wave 5 is the most indeterminant with equal probability of Wave 5 = .618 times Wave one (Exceeded), 1.0 times wave 1 = target of 4292 next or 1.31, 1.41 or 1.51 times Wave 1. The major psychological target within the 9 point range of the technical number is 4,300 which is where the major institutions have loaded up on short contracts for the next S&P ABC retrace to the .618 target of 3900 (The -25% Trend Line from the Green Mid line Channel Target Date June 30, 2021 to hit the 4,300 target top) then the shorter term ABC retrace to the 3,900 target. Late Sept 2021 SPY PUT options from 4300 to target 3900 would be an economical way to capture 400 leveraged points. This is NOT trading advice - trade at your own risk [ATTACH type="full" alt="1623780924705.png"]31476[/ATTACH] [/QUOTE]

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