Talk about Ratioed.

Jan 14, 2021 - 8:22 AM EST

CABPCR - .08 😱

This is a MUCH better tool for identifying "extreme" bottoms, but this is a reading worthy of at least checking on some stops and grabbing a bit more cheap insurance.

There are a number of charts in Stock Waves that we have nearing the tops on wave 1 of (3) allowing for some consolidation as 2. We are watching for some potential #rotation.

3770s & 3730s key immediate support in ES. 3795 region still key micro support.

SPX.XO - CABPCR - Jan-14 0816 AM (4 hour)

@ES# - PSAR and iCloud - Jan-14 0821 AM (4 hour)

@ES# - PSAR and iCloud - Jan-14 0821 AM (1 day)

Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.

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