ES Morning Update July 22nd 2025
I had no internet yesterday, so the post I wrote wasn’t posted, but it wasn’t anything special anyway. Basically I said that I think we’ll top on Tuesday, maybe Wednesday, between 6370-6400, which I see we did reach 6374. I’m not sure if that’s it or not as they might make one more attempt today at that same zone, but it’s looking likely that we will finally start a pullback this week.
How much is still not known as while I think we will eventually reach the 5900-6000 zone this first pullback might just be an A wave of an ABC. That means we “could” see the 6250′s support zone hold on the first drop, which would be the A leg. Then the B up “might” drag out into the end of the week, followed by the C wave down into next week where (I hope) we go to the 588.79 FP on the SPY.
It’s too hard to know for certain how it’s going to unfold as any news event could change everything and we could see a panic flush in 2-3 days to complete the pattern. Anyway, that’s what I see for now.
Have an blessed day.
Source: http://reddragonleo.com/2025/07/22/es-morning-update-july-22nd-2025/
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