Monday Mania

Vindicator Buy/Sell shows selling pressure still exceeding buying.  Went short ES around midday when the
V Stoch ticked down from high above 75 (position listed above).

From an EW perspective, the pattern from last Wednesdays high through today's low can still be counted as a 3-3-5 flat type of correction, if that's the case and if it's a 4th wave then we are in an ending diagonal as the low of 4 overlaps the high of 1.  That would also dictate an end to the rally from 2/25 in the very near future.  If the rally ended at Friday's high then the run up today would be a quite sharp W2 of a move down that would have it's start point at Friday's high.  For the record, the rally today did not retrace as high a % of the drop from Fri into this AM on the SPX as it did on the ES.