The Waves Take Hold of the S&P500 Part I

Finally i am smiling like an idiot. After almost a year of trying to count waves i believe i finally managed to pick a good entry for an S&P 500 short. The counts on a 5 minute time frame are followed by the counts on a one minute time frame.


S&P500 was shorted at 1347.50 with the use of SDS with a stop at 1351.00

The initial reaction was just as expected. If the count plays out we should soon fill the gap from 20th April (not seen on the charts) at 1312.70

Will update with new posts as this plays out...