Good luck and Happy Trades!
btw @markrivest When you said (on another chart of yours) that wave analysis has a bearish and a bullish possibility for each pattern, I assume that must be unique to your 'bars' format chart, is that correct? May I ask why you would count waves on a bar chart?
I like using the bar chart because its easier for me to find the wave counts. Elliott wave analysis always has two different interpretations bullish/bearish regardless of the chart format.
That was the zone he expected to short from as it was likely to, and did, open in that area...
However, the call to short did not work out as I believe he had hoped...
Thanks for the comment. For future reference my hope is to be on the right side of a market. As of the close on 12/21/16 this short is effective.
Thanks for the compliment. So far it looks like the SPX just had a mid-day sell off.
The DJIA still hasn't reached 20,000. I suspect this level will have to be hit at least on an intraday basis before a serious decline can begin.