FibonacciDiPisa

ES Thanksgiving Thoughts Part II

CME_MINI:ES1!   S&P 500 E-mini terminer
Seems likely we will go into the short-term bearish scenario. We have the full moon coming at the end of the month and seasonality changing, where I would imagine a change of direction to bearish for the next 7 or so days. Once that correction is complete, I imagine we will be right back to upward movement to new ATHs (3700+) as governmental interventions and vaccine news shows no signs of slowing.

Also possible that we just keep going up like the insanity of recent and this year.

Either way, I think up and up is the way we head...cautiously.

The prediction is in...

= FIB
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