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Thanks Mu, that is a good checkpoint! :) Incidentally, the VIX seems to be hitting some resistance at the 50% mark too... :) VIX 90min

If it is an ED, it could start turning up ~1060 in the ES... :) ESZ9 5min :)

Thanks MitchWorse... :) Actually I'm no wiser on how the SPX would go from here. Best to leave it alone to sort itself out! :) The inverse correlation between the SPX and the VIX is not perfect but can sometimes hint at where the SPX would go. After that 20+ points drop in the SPX...

:) :) EW's such a waste of time....... :) VIX 90min updated :)

This "gift" would probably drive both bulls and bears nuts!!! :) Last chart for me today..... gotta go! :) ESZ9 15min :D

Glad I took my profits earlier.... :) Perhaps this would be a better fit? Could be a range bound day today after yesterday's big move. See what you think.... :) ESZ9 61min :D

Could have counted too fast just now..... VIX is still climbing strongly..... :) ESZ9 60min :)

Thanks MitchWorse! My conditional orders took the profit for me just now while I stepped away :) On the question about stops, I think it has been asked and answered on this thread before. Try a search? :) In any case, if you think through the rules and guidelines of EW, then a lot of...

ESZ9 30min :) Edit: Just went long ES @ 1073.50 with a tight stop! :) The 1075~1076 region would be crucial. Short term, it will be bullish above and bearish below. Watch the Claims numbers @ 0830ET. :)

Oh.... EW is such a waste of time! All hindsight!..... :D VIX 90min updated :)

Ok, finally got that few points..... :D If my earlier read of the VIX is correct, then there should be a little more up move in the SPX today.... :)

Thanks jack_rabbit! :)

Updated VIX 90min :) See what you think! :D :) Edit: I'm short at ES 1094.75 for just a few points....

Mu, Congratulations on the 1400 pages! You've come a looooooooong way! :) Was looking through the long term charts again..... SPX Yearly :D

Very timely Mitchworse! :) Sure looks like a full 5 waves impulsive down move to me. If the retracement hits resistance somewhere 1086~1088, then it may be a good place to short. :) ESZ9 90min

Ok.... Got my few points profit in the ES.... :) Let's see how Mr Market reacts to the FED.... :)

Up some more? :) ESZ9 30min Lookout for the FED minutes at 1400 :)

Not too bad.... We got our pop in the VIX and the drop in the SPX as anticipated! :) Now to figure out if the "mess" pattern is a correction or a downward impulse..... :)

Updated VIX weekly. Lookout for the support at 22.19. :) If it holds and bounces up, then a first checkpoint would be around ~24.50 :) Edit: Hey Mu, looks like my potential VIX spike is in sync with your anticipated SPX drop..... :D

We should still be stuck in a fourth wave correction.... :) I'm long ES for a small scalp....just to keep me awake! :D SPX 60min Edit 12.26pm: Stopped out for a really miniscule 0.25 point profit! That was really tiny.... :) Have a good weekend folks! :D