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That was quick... stopped out with a 1 point loss..... This means we are in the treacherous, evil, scheming wave now, right Mu? :D

Thanks Landis, but I am looking for one more leg down in the VIX, and very likely to be just slightly below 30..... :) And I have a different count from him too.... Mine's a flat in the VIX....

Count invalid above 845 :) ESM9 10min

Can't be too greedy when I have to keep stepping away, so I'll be taking profits around the 838 area with a trailing stop in place...:D

Thanks Keith for the kind words... Yesterday's drop was a wave 3 down to me. Strong and vibrant! :D In the ESM9, 838.25 could be wave4 or it could be just part of wave4. Any further drop below 824 renders w4 complete. Whatever the case, given the extension in w3, plus the one more drop...

Since there are so many conflicting counts on the ES / SPX, I thought perhaps Mr VIX would give us a better clue where we are..... :) We got that little uptick in VIX as expected, but it should not go above 40. The big drop in the indexes should start only after VIX hits a new low below...

Yo Mup! Starting your engines early today? :D I saw the same 1:1 in the ES but I cannot reconcile that expected huge drop in the ES with the VIX. The daily VIX seems to lack one more final leg down to complete the 3-3-5 flat correction. How would you label / read the VIX? :) Thanks!

Not too bad... ES turned down at 871.75.... :D Now to see if 851 is a good target :) Seems like my "charts failure" indicator is pretty reliable.... :D

Thanks Mu, That's nice.... :) Looks like the ES wants to climb some more.... Next target would be 872, followed by a downward move to 851.... :D PS: My charts are starting to get cranky and they always happen as a prelude.....

Wicked, evil, scheming, treacherous.... wave 5s they are..... :D May have just ended at 870... :D

Hmmm... this number is popping up again... what an elusive target this is.... :)

Thanks Keith and welcome to Mu's thread...:)

Daily VIX

Quoting some words from someone.... "See what you think...." :D ESM9 90min

Closed at 865.25 to focus on counting waves..... :D Edit: So far, 870 still seems a very likely target for end of fifth wave :)

Still looks like an extended fifth to me...... just went long for a scalp at 855.50... :D

Here's a count for the pandas, koalas, polars, grizzly and winnie the pooh of course! Extended 5th waves can go on a looooong time but I believe it should not top ~880. Count invalid if v exceeds ~880 or iv drops below 853.... :) ESM9 61min

However I try to fit in a LD count, I just couldn't.... (:D could be due to my stuck bear goggles.... :D) According to definition, LDs occur only in "A"s or "1"s, which I believe has already been covered in March's ascend. :) I'm still favoring about 870 in the SPX as a ED target unless...

Thanks Mu! :) Seems like the ESM9 61min is unveiling according to plan too.... :D The first resistance should be about 855~860.... :) Edit: Just got stopped out with tiny profits after I typed this post.... :) It is indeed not easy to trade and post at the same time....

Still prefer this ED count :) Seems like we're in the "C" wave of ED v now. If so, this will be the final leg up before the drop many of us have been waiting for (see below post for big picture) ESM9 61min..... :D yes.... it is really a 61min chart....:D hinting to someone special to get...