I think Elliot Wave Principle by Frost and Prechter is probably the bible on EW and pretty good education on fibs as well. 

https://www.amazon.com/Elliott-Wave-Principle-Market-Behavior/dp/1616041374/ref=sr_1_1?crid=1Y0BD8OL8AXQ1&keywords=elliot+wave+principle+by+frost+and+prechter&qid=1654828549&sprefix=prechter%2Caps%2C113&sr=8-1

Same, SPY systems have been on point! 

Any new first or second short entries on SPY system today?

yep, I know, with this market volatility, nothings for certain but fun to be on the right side of the trade (for now)

Ha, SPY system strikes again! Nice   

Happy 50th Matt; Enjoy the Day!!   

I'd have to say to that person, "Get a Life".... a real one!

Thanks Steve! 

Kevin, I agree, not to mention it's a Friday and we pulled back from 9ema!   

I wouldn't call it a fail yet, possibly just consolidating gains like Matt predicted? 

I took profits early too though, realizing the tough environment we are in. Enjoy your weekend!

Yep, I took that trade next morning with SPY system. I find if it is lower in the AM what do you have to lose? Thanks for sharing these ES signals. 

Throw the baby out with the bath water....QYLD yield now over 15% and goes ex div after next Friday!

Maybe we get our Capitulation Day today?

Thanks, I'll keep an eye out.  SPY on 15 min looks like a cup and handle. 

Interesting with the bearish skew but the ABC look to the pullback on the shorter timeframes. 

Are you still seeing anything on the SPY system? 

Thanks Steve, I assure you I check in frequently, especially today; it's raining here     

Totally agree with your viewpoints. Being glued to a screen all day is not in the cards for me either, however, I do check in frequently during the day to see what the market is doing.  I put in lowball orders for my core portfolio at fibs, trendlines, etc.  

I also sold about 80% of my core in the much higher areas and have added some back, general cost basis 4180 ish spx.  The commentary on this site has helped me immensely stay in tune with the market. I am still only 40% back into my core holdings. I sell calls at about 10 days out, 20 to 30% chance of in the money to milk more from these positions and of course enjoy the dividends. I rarely short because it's so tricky. 

I believe in simplicity, mainly from experience of holding an individual stock position in the past and having it sit or go down while the market rallies, so now I stick to the ETF's and leveraged ETF's.  It's also so much easier to technically read the SPX vs a specific name that can take a dump on you with a news story out of left field. 

I also love the SPY/ES system because, it gives me the extra spark to enjoy the big swings in the market and feel like a participant.  With it's stats and with my own tweaks that has been a vacation fund! I think this system is a lot of fun even when it experiences drawdown.  Followed religiously, especially those third signals, it really pays off! 

I love the educated participants on this blog and realize it's a real gem as there are not any other sites for true traders that I have found.  CNBC, Cramer, et al I view as talking heads that need to fill content and on any given day you can get a number of viewpoints mostly telling you what's already happened in the market. It just serves to confuse me.

There is my manifesto, happy trading and enjoy your day as well!

I might drop Amazon off that list...they are troubled...MAG sounds much better to me     

Been watching crypto for clues to direction...maybe fedspeak fears

Yeah, seems like a small jump, not a leap!