So with today's pullback price closed below the 9 EMA on the SPY and MES futures, via using the aggressive exit instead of waiting for the original exit price as a close below the 19 day MA, these would exit today. However, given the historical run we are in, I do think we eventually get that close back below the 19 day MA esp if a wave 4 is starting.

the attached image shows SPY at the top and ES at the bottom.  The SPY and ES at the left sides use the faster exit a close below the 9 EMA, which you see happy on SPY today.  This exit will also occur on ES below but that bar hasn't closed yet.  The SPY and ES on the right use the 19 day close for the exit, which isn't close yet

I bring all this up because if anyone was nervous on this trade you could exit it now using the aggressive 9 EMA close, or you could close 1/2.  For the website I'm gonna stick to the original 19 MA close.

That said, we can now count 5 waves down, so that gives more evidence that we might have completed the wave 3 of v.  However because we have 5 waves down we could see a bounce here at any time, so if we get one tomorrow, don't be surprised, but for now we are favoring a lower high

Matt