12/14/2019 Weekend Update

[Cobra]

Up 3 weeks in a row means 82% chances higher high ahead the next week, so more up.

[Al_Dente]

Daily CANDLEVOLUME chart shows that, as usual, volume has been slim on the up days UNTIL THURSDAY. That was an impressive and unusual fat-volume day. Friday was weak. NYAD confirmed the highs.
But momentum has been waning (STO here, also RSI not shown here). It has been trying to catch up but it is a CAUTION signal. Unless/until momo is fully “cured” we risk a pullback.
Momo is important as the last couple divergences preceded a pullback, as seen here

[Trades with cats]

Cyan is Minor wave count that Coolbiz has posted about this weekend. He does use $SPX numbers so slightly different for my ES daily. Major point of his-this could be the end of 3 if market closes below 3149. Because we have made 100 % move to the lower target. Maximum expected target is 3238. So it all depends on how far the next pullback goes.
Yes I know I have the Green Minute wave off will get things cleaned up eventually.

Trying out special colors for inside and outside bars.