An alternative opinion on ES.

19 dic 2019Since I've seen some counts that say ES/SPX is in a really high Wave B of a large expanded flat, and the territory illustrated in this chart is an expanding diagonal, and things like that, I thought I'd publish a count that shows that i see: a nice strong Wave 3, following a robust 1-2. This pretty standard impulse count hasn't disappointed me so far. It keeps things simple. It might break a few of the stricter "rules," which are actually guidelines, but those guidelines were introduced after Elliott published his works. I'm using it for trading, and there's nothing that tests it like when the rubber hits the road.