Yeah, it's been a little concerning - I have a long trade on w/ EWC, expecting a gap fill.

yeah, HUSK. just kidding!

the telecoms have been doing well in the last couple weeks.

Yep, I bought it based on that pull back.

Ah, didn't even notice it before - too busy on the screen....

ERF really popped this morning on high volume.  Great trade so far, thanks BPT!

Thx Matt - looking at hedging some here.

Steve, are you considering shorting SPY if it 1. fills the gap completely (136.78) and has negative divergence on the MACD on something like a 10 or 15 min chart?  Seems like a good trade short idea to me (but what do I know!).

MS about to break the morning's high of 14.18.  Looks good for a day trade, but earnings are after the close today.

speaking of which, the 50 ma on the 5 min chart is coming, should get a bounce off of that.

On the 5-min chart, we've been over 80 from the open today on the 60 period stochastics.  If that holds EOD then you can go short EOD and close it probably in the morning on Monday for a gainer.  Check w/ Matt if you're not familiar w/ this trade setup.

This is a great point, Steve, about different scenarios.  Helping keep me grounded. With the 60 min chart yesterday, I was focused on either bouncing off the trend line and then a move higher (I thought it did, as of the close yesterday - I went long but was stopped out this morning), or slicing through and heading down (which it did today).

The difficulty now is putting on a short.  I'm using your approach - a retest of the uptrend line and then a third bar lower.  I'm using a 15 min chart; is that what you use?

I dunno, the down candles on my 15 min GLD chart have a heavier vol than the ups this morning.

I think so.  I'll keep an eye on it.  Might short the QQQ if it breaks.  Don't like the idea of shorting AAPL!

Yesterday's corrective move off wave 5 hit the 23.6% fib, I guess that's all it had in it.  

Ah, NOW the gap fills.

Very helpful, thank you Steve (and Matt for the pm).   

short position stopped at breakeven, then went long at the close, full position.  Stop will be a clear break and unsuccessful backtest of the wedge.

If this wave count is correct, we may have seen a short term top on AAPL, although I admit I will only believe it when I see it.  Earnings coming July 21 I believe.  Only a 15 min chart,  too.

Looks like a good call.  15 min to go til the close (confirmation).