ES - Long Term Structure E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! HK_L61 Where is the ES with respect to the Long Term Trend: Overvalued Over-Extended Over-Leveraged Risk / Reward Investing - Low Probability ______________________________________________ How the Long Term Count resolves is WAG We see the SMA's are Spread in the Extreme: 55 / 89 / 144 / 233 / 377 a Divergence in Extreme as never before Ranges at Historic Extremes Equity Concentration at Historic Extremes ______________________________________________ An ALL or Nothing proposition has been in Trend. IF we are indeed in 3/3 - there is far more room for Price to Expand. IF we are in 5/5 - We will see a 50% + Devaluation. IF we are staring down a Hyper-Inflationary Event there is no limit to how High the Indices can rise. Distortions are beyond ANY time in History by any number of Metrics. ______________________________________________ Is there a favorable Risk / Reward SetUp? Yes. Are we there yet? We will see how the Indices respond over the next week, then we "May" have a clearer Understanding. ______________________________________________ Until then.