SandP in Flat Wolfe Wave End Game: Bear Move Incoming E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! DaddySawbucks Several contributors have proposed Wolfe Models. This move formed a flat pattern rather than a rising channel . This flat emulates a measured move 'flagpole.' We're sitting on the cap at top of flagpole IMO. MFI gone in half, volume sparse. Typical of Wolfe waves is the time elapsed in 1>2 = 3>4, as is clearly seen here. Enjoy the last gasp of this mad rally... Breakdown should occur with similar periodicity; expect on/about 4-7 Jan 21. NB: ABCDE denotes the Wolfe wave . Some authors have drawn it from the Covid Crash. Started here from June Swoon. Bear move can take any form. Likely to be an impulsive correction, given the monster rally of 2020. Here's a link on variations of Wolfe . This is an educational post not intended to be investing advice; trade at your own risk: GLTA! https://tradingstrategyguides.com/best-wolfe-wave-strategy/