Looking at the ES 5-Minute Chart, notice that as the Futures was making a lower low on the 2 - 3 Impulse Wave, the $TICK was making higher lows relative to the day before. Also notice that the 2- 3 Impulse Wave is just about perfectly symmetrical to the initial Swing Wave.
Looking at the 2 - 3 Impulse Wave on the 620 tick Chart, we can see that it completed a 5-wave formation.
Looking at the 1-Minute Chart, we can see that at the completion of the Impulse Wave, the $TICK was making higher lows. Also as the Futures was consolidating below 1140, the 2-Period $TICK Pivot SMA (Blue Line) was continuing climbing. Then we got an upward SNAP move in the futures.
Charles
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