remember, must be decisive low and not close into a hammer. in lots of cases the market tends to break the previous low then sharp rebound to trap bears.
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ES bouncing on that big pink line, the 20 day ADR low. Also happens to be near a major support level as a high volume node at 2572.50. On paper this is the low for the day. Time wise it is also pretty good. Tax news wise it is pretty good. We will see what the market thinks.
IF I knew how to count waves I would call this a completed 7 wave pattern from today's high to low as an impulsive 5 wave set with an ABC reversal at the end.
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the rebound shall have legs. in the past it means the low was in. let's see any differences today.
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