I do not trade wave counts, I trade chart consolidations: flags, channels, etc., the momentum, and supports and resistances.

And rates down? Or up?

COT report from last Friday is your best bet. No more recent data are available, as far as I know.

I heard an opinion that the ratio of OIH: USO ( or /CL) is too high.

thanks for a confirmation. That trade looks like another losing trade on that subsytem at the moment. Matt should clarify.

Incidentally, a low-compression squeeze on daily /ES (SPX) chart has just started firing to the upside. This thing could go a lot higher.

greggone, the symmetry is 25 points from Jan 19th on 5-minute charts. What you pointed out looks like a bull flag, a continuation pattern. Today is a trend day, so pullbacks are bought.

Matt, is the Stoch Reveral subsystem going to stop out again? Or is it taking a second entry?

Steve, which of those was a buy signal? A higher low on that time frame (15 minutes) at 9:30ish? Or a higher high following a higher low at 11:30am?

My indicator gave a buy signal based on the oversold condition and alignment of 3 times frames at 3pm on the day before, as shown below. I completely missed that signal as I was expecting one more thrust lower.

Hi Matt, can there be a Fib-based subsystem that buys pullbacks to 50 or 61% retracement to a strong support based on a divergence on slow stoch on 4-hour charts and positive momentum on the daily chart? DMI must be positive (green above red signal), and the indicator not trending  (the yellow line is flat) on the daily chart.

zaphod, what worked for a trending move -- a wave down which was not allowed to become overbought -- no longer works when in uptrend.

Do DeMark 9 counts signify counter-trend moves and  counts of 13 correspond to trend moves?

/ES is squeezed between 21 MA (3905) and 50 MA (3958). There is no point to trading inside that range till it resolves up or down, IMO.

Coffee is attempting to put a higher low: the chart of JO https://stockcharts.com/h-sc/ui?s=JO&p=D&yr=0&mn=9&dy=0&id=p31938606650&a=591655822&listNum=12 

A move up on 60-minute time frame was caught up and stalled by a down move on 4-hour time frame. Now the 4-hour time frame is close to giving a buy signal on an oscillator for a larger bounce.

likely to fail due to an overbought condition

1944 is a good resistance for /GC. If the price moves through it as like a knife through butter, it is real breakout into the all time highs.

Matt, are  any long deep pullback system trades for today triggering? 3885 was a 61.8% retracement of the move up low to high. Everything looks orderly so far. Thanks in advance!

fredsaid, if you average all buy orders and sell orders, you should be able to determine which side the low position side is on. On the indicators that I have seen, this is not shown. Matt might have coded his differently. The order and position size information is available from free market streams in ToS, etc.

The trade-off for a momentum indicator is accuracy versus speed. Since accuracy is preferred, a momentum indicator is necessarily slow.