nevermind, the last part looks like a bull flag.

is this a continuation or a reversal pattern?

AAPL will beat expectations to put indexes into green at the EOD!

Yeah, make a private twitter account for this site with posted trades by various systems updated in real time.

Elliot wave 3 runs from support to resistance or from resistance to support. Thanks for filling in trading details around it.

The measured move down is the width of the channel.

Matt, then when do you expect the DVDS short to close based on your wave count at hand? Based on this count, the trade should be closing today.

I entertain a count of dropping in 5 waves into 4020. It is an A-B-C down from May 3rd high. Wave 3 of C likely has completed today.

Be dumb. Drink coolade! Follow DVDS ! :-)

The move lower looks corrective to me of wave 4 of a higher degree: https://stockcharts.com/h-sc/ui?s=$SPX&p=120&yr=0&mn=4&dy=0&id=p06798074800&a=590234965&listNum=61&cmd=print

That mechanism is called bankruptcy, which does not work amidst wide-spread corruption. Socialism for the rich will end like it did during 1930's. This imbalance will work itself out.

Thanks for an update on the IB accounts.

Generous but still limited instead. say to $1m? All ultra rich have already removed their money from banks above the uncovered limit, based on Jim Rickards. Those who still keep are small businesses.

eurusd looks toppy to me on the daily chart. The PSAR is above the price.

PSAR trailing stop is hit.

How about 3970??

A lower high and a lower low is again today. A bearish scenario does not want to die yet! And the high from February still stands, which is called a downtrend! A break of the trend line overnight will send us a lot lower.  Lastly, Matt's DVDS system still agrees with that logic staying open!

Gold is higher again today. It smells something!

Steve, I confirm your observation. 13286 is a target on /NQ next (or after a move lower) to complete full 5 waves  on 15-minute charts. 5-minute waves will be waves of a smaller degree.

This demand zone stuff works really well!

Steve, I see /NQ retesting 12930 like it did on 02/17 or 12/02. I hold a small bet, which is not too probable but could be rather profitable. My hunch is that wave 5 has been completed.

So this would be a double correction on /NQ. /GC is up a lot today, which tells me that risks are elevated.

Edit: recovery to 13286 is expected before moving lower. I can see a nearly completed 5 waves down on 15-min charts.

Today TLT  agrees with you, and thus far it should go up (yields down).

If tomorrow Powell admits any hesitation about further rate hikes, this market is a toast without a bottom is place. IMHO.