Of course, I have triggers and stops, I want also to have the momentum on my side when I call a reversal in progress. Thank you for your input, Steve!

Do you have a reference handy for all 13 combinations, please?

Thanks, Steve. I had to look up patterns, they are are explained hereor here

Steve, do you see this move down from Monday highs as corrective (3 waves) or impulsive (5 waves)?

TLT has met its measured move of 127.50ish and could be setting up an island reversal or keep moving higher next week. I entertain the latter possibility. TLT 60-min

Thanks. If the stochastics do cross, please post. In 2011 this setup  up resolved to the upside for a fake-out.

You had a reversion to the mean both on the upside and the downside tonight.

Matt, Is there a signal which would negate this 0 Stochastic short 80% reversal?

Matt, if you see another entry, please post. Because we took the entire candle from Friday, I was not going to risk much. I bailed out at 1864.25 when I could see that it would not stand.

We should have some kind of a retest of that overnight low. If we don't, I am not interested in the long side.

Edit: is there a similar wedge setup on the daily chart of SPX?

Answer: NO

I concede that I did not see that level. I had 1855 and 1844, and it fell in between. That level was close to 50% retrace of the move up. I will use your intraday updates for an entry.

Steve, we put a lower low on the daily ES chart, and could make a lower high. I am looking for a long position but am concerned that we could be in a downtrend (wave b down). Do you see a good entry on the long side? Or slightly exceeding yesterday's low (1855.75 and then 1851.75 today) is not a big deal?

I do not have a plan yet to trade.

Thanks for confirming it, Matt! We posted a higher high on ES today, and barring a lower low (above 1855 is good), it is a pullback to support and a buying opportunity with a stop at 1854 or lower.

There is support at 1867/68, which could be a LOD. Also, 1891-92, if the wedge on ES were to hold.

Prior advances last year had EMA(5) as its support, so 1890 should be a low tomorrow. SPX daily

As per Steve's tutorial, keep your stop a bit below of the 50% of Friday's candle, and trail it up. We should drop on Monday, and that drop should be bought to play the c wave up. IMO.

Ok, I see your pointers. Is the wedge well formed at this point, and should resolve to the downside? Market is still oversold, which is why I am willing to buy pullbacks.

Steve, is buying a pullback to the lower trendline is worth the risk?

Answer: Maybe but you will need a trigger on a smaller time frame.  Below is an example of a lower risk entry overnight on the 15 minute. I'd prefer to see higher low (right shoulder) form for a lower risk swing. 

The point about drawing my own chart is taken.

Ok, it is good to know: I was expecting a bigger move lower.