With this rise increases the odds for my preferred scenario described in yesterday's post; Friday, November 16th, might have finished the correction and started a new uptrend of intermediate degree, with wave [1] completed or nearing completion, but unfortunately lacks the confirmation of volume.
It is necessary a "Follow Through Day" but it may difficult to occur this week due to normally lighter-volume trading that surrounds the Thanksgiving holiday.
The new first alternate scenario involves that this is a wave [a] of wave Alt: 3 so the correction is not yet over.
I'm waiting for a good wave [2] pattern and I continue to seek the Leaders that are finding support and building sound bases during the downtrend, but this time the search is difficult, and this is not a good sign...
Meanwhile, cautious day-trading on ES.
Have a great trading day...with care!!!
ElwaveSurfer
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