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Here's why I covered.... I am still looking / waiting for a sub-30 vix to turn completely bearish.... :) vix 30min

Got a nice short of the ES at 879 and covered at 864..... (still have a lot of non-trading related work to catch up :() Thanks guys! Really appreciate trading with you all! :D

Looks like a flat to me.... target remains... :)

If 872 is exceeded in the ES, then I'll be looking next at 878~881.... :D Oh.... I can hear the bears growling! There's got to be some honey hidden nearby somewhere..... :D

I am certainly still a novice in terms of EW.... :D There's a lot I've yet to learn, especially from the other more experienced folks in this forum. :) If you look at the SPX 30min I posted last Friday, you should be able to see clearly the five wave structure in 1 & 3. And yet, 2 & 4...

Thanks blnbr... Now I recall this was where I read: "If Wave 1 is a LD then Wave 5 cannot be an ED." Which is why I believe the upmove from March 21st will unfold in 5 waves instead of an ED. :)

I still believe we are heading into a Wave 5. The one I was referring to last Friday was a v of 3 which brought us to the drop at today's open, which was the 4 :)

Here's a bullish (but trecherous :D) view.... SPX 853 & thereafter 849 has to hold else count invalid.... SPX 90min

Inspired by Mup's LD...... :D Specially named by Mu..... :D Still want to be long now Landis? :D SPX 30min

Hi hohole, That's a popular count for a bearish view :)

Thanks Mup! :) I think I am finally able to "see" the LD. Didn't expect it to be so big! :)

Thanks Mu! A timely reminder....:)

Revising target upwards to about 869 before ed iv downmove starts.... :) Edit: Sorry, type error, original target of about 860 remains... :D

Thanks Landis and Keith.... Mu got the upmove too! :) I have always preferred not to post actual longs or shorts 'cos I feel a sense of obligation after making a call. And circumstances usually do not allow me to update that call when the market turns..... Now that the disclaimer part is...

Hmmm.... would be hard to say since I don't even know at which stage the SPX/ES is in since March 6th.... :D But if the VIX is reliable, then a drop to the sub-30s would make a bear again.... Hope you guys obeyed the "Stop" sign just now and then got a good fill at 837 in the ES :D

Here's a rough sketch of the large scale ED finish I highlighted just now..... :) If the drop in the ES holds at 839 or 837, then look out for a huge jump up! :D SPX 60min

Ok..... now the ES is moving into treacherous, evil, !@#$%^&* territory..... :D Just making a guess here.... could top out around 848~852 esm9 10min

Here's why I think the market is moody.... :D Many are expecting the markets to fall after such a long climb since March 6th. Mr Vix seems to want to fall too but only one can drop at any one time..... VIX 30min :D PS: If this climbs any higher, I am thinking a large scale ED wave may...

Head and shoulders...? :D :D ESM9 60min :D

Vix goes up, ES / SPX goes down.... :) vix 10min Edit: Potential bear trap?