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Thanks Mu and welcome Pabst! :) Futures are up about 2+ % now (5.30am ET) but there is a GDP and claims numbers release at 8.30am.....:confused: If it had been five waves up in the SPY 10min, then I am looking for a possible bull trap minor gap up, then a "C" wave down to around 50%.

Given yesterday's huge run-up, a truncated fifth would be very nice.....:D Edit: V shape pattern comment noted. Thanks Elo

Heh.... heh..... silly me.... Really glad I have you guys to see alternate views!:D

On the 10min SPX, it seems like a flat correction is taking shape since about 10.30am ET. It looks like a very sluggish "b" wave climb before a "c" wave drop......:D

I think we're stuck in a b wave down now... .waiting for c

[BRIEFING.COM] Stocks open on a negative note ahead of FOMC policy announcement at 2:15 PM ET following the surge of nearly 11% on Tuesday. Fed funds futures fully price in a 50 basis point rate cut, and suggest a 50% chance of a 75 basis point cut. The fed funds target rate is currently at...

And Landis too......:)

Elo, I am also very grateful to everyone in this thread! It's been wonderful during these tough times!!!! :) And thanks for sharing this divergence! It is such a powerful signal just before the 800+ point upmove!:) And if that last upmove was a ED iv, then I'll be looking for a retest of...

I'm looking at about 921-922 on the SPX as I believe that is the start of the ED c-wave....:)

Thanks for the reply Mup!:) In any case, iv or c-of-5 would both mean the next move is down, so we're both on the same side...:D :D If I'm not a EW counter, I'd probably think you were swearing some @#$%^ at me above.... :p :D

...too fast with the finger.... SPX 90 min chart.....

Could we now be in ED iv in the SPX?:confused:

Thanks Mup :) Actually I am from about 16 hours' flight away from USA and where I am, it is summer all year round.... :) It's Singapore.....:)

Mu, Mup, Landis and Elo, Thanks for all your posts.... I've been lurking around......:D :D :D

What!? ED?? :D ......then it is a boring day to watch, should trade...... :D:D:D

Whew!!!!! I hope all of us here are either short or square!!!! It's going to be an exciting day to watch, not for trading...... Very very well done Mup! :D

Any chance folks?:D Update: Nope! Try again next time.....:( :)

I think the triangle count just gotten a "strike out"......:D I'm changing camps...:D :D

Mup, You never cease to amaze me with your counts & charts!!!

....well, no luck with the ED....:mad: