Vindicator pattern right here is very similar to that of last Tue-Wed, with buy line trending down and sell line up towards a potential crossover, and V stoch working it's way downwards to buy territory. Last week's pattern triggered an unsuccessful long entry according to the trading rules, that trade was mid-morning Wednesday. As it turns out, long was the right trade on Thursday morning. But rules is rules, and one thing to be very careful about is changing the rules in response to what may be a one time occurrence.
The Elliott pattern on the SPX is much clearer than that of the ES, so no ES chart at this point. On the SPX, it looks like we're in the 3rd wave up off the low of 3/31. Internal count of this 3rd wave is still developing, the 3 marking today's high is a tentative count, there's always the possibility that it's only a subwave 1 of 3.
