Steve when you say you will add if it works higher you mean increase your short position right?

Good morning Steve, I have a question about the wave count in the newsletter on SPX. Specifically while it appears wave iv could be in, is it possible that it can subdivide? For example, could yesterday's down day be  an a with this morning's up move b and  c to come?

VIX looks like it wants to fill the gap below at 17.75

Matt, any thoughts going into the close? Quite the afternoon ramp and short of a sell off in the next 30 minutes, it sure looks like folks are not all that wary of holding over the weekend.

FAZ, nice recovery, HOD at 42.02

Steve from a mapping perspective now that we've reached 6766 on ES, do you anticipate the retrace as you and I discussed below?

As always super helpful Steve, I can't tell you how much I appreciate you responding. I wasn't aware that it was based on fib sets. Is a 50% retrace garden variety?

Steve how do we determine where re- balance areas back into discount would be on ES?

Steve on the 30 minute SPX chart you discussed in last night's video, it looks like B has been achieved so now wondering if this is something more. Having trouble posting it but it's from last night's video

VIX still has not filled its gap at the 15.75- 15.60 area... interesting 

Steve thanks for posting the 30 minute charts of SPY and QQQ. With a little bit more symmetry it looks like an interesting head and shoulders could be forming

Good morning Steve, educational question for you, yesterday in a post you said you might be looking to see if the lows from Monday would be swept on NQ and ES. Is that something you're still looking for or would be sweeping the lows of yesterday be the focus as opposed to Monday's lows?

Thanks Matt this is super helpful, I'm going to look to exit my short on QQQ if they swipe yesterday's low on NQ as Steve pointed out below is a possibility

How can the Qs go down when Nvidia never does, holding them up for sure and HOD

Hi Matt, I know you say don't get bogged down in counts but I'm trying to do an intraday count on a 10 or 15 minute chart and I can't seem to make heads or tails out of it. Can you post something for SPX and QQQ please

Matt, I think it is safe to say that the market is not bottoming in mid May! Could not find your cycles chart to post

Thank you Steve

Appreciate the response, thanks as always 

Steve on your 30 minute charts of SPX and QQQ is it possible that this could still be an ABC as long as the highs from April 9th are not taken out?

IWM open gap below that Matt pointed out, interesting they did not fill it, got close.  Wonder if that needs to happen before a more sustained bounce