The E-mini S&P 500 futures (ES), NASDAQ futures (NQ), and the ASCRA index are predicted to exhibit bearish movement and take out London and Asian session lows on May 16, 2025. The speaker expects a 'flood to the downside'.
"The goal would be to see ES come down and take out these lows... Ideally, we see these lows get taken out [on ASCRA]... I would assume that today we're going to get some sort of a bearish reaction... It's pretty obvious uh draws to the downside today... I still think price is going to be bearish... There's no way we don't go down and take out those lows now, right?... This should just be a flood to the downside... This should be a fullfledged Noah arc. Flood to the downside... let's take out those London lows and let's take out the Asian lows and then let's call this [ __ ] a [ __ ] day... Okay, take out the London lows, take out the Asian lows, and then boom, we're calling this [ __ ] a day."
