ES Morning Update July 23rd 2025
The market has pretty much ran out of time for a drop of 7-8% that I’ve been hoping for, which should unfold in an ABC pattern. That ABC would take a couple of weeks to finish I’d think and the bears really only have days left… meaning after this week end we should go back up again. So, what I think is going to happen is a short lived drop of 200-300 points, and then back up to new highs into August. My target is 6150-6200 on the ES, and I think we will see it before this week ends, but if we don’t then window for the bears will close. Then we should go higher next week and start to look for August for the next pullback window.
Have an blessed day.
Source: http://reddragonleo.com/2025/07/23/es-morning-update-july-23rd-2025/
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