Almost hated to put the wave count on the chart below, bear meat has been on the menu for a year now. But if the count is correct, we saw the termination of the rally which started Feb 5 at today's highs. And that is a big IF - there are plenty of alternate Elliott counts.
Went short ES about 11 AM today for several reasons. First and foremost, the sell line on the Buy/Sell Vindicator bottomed and was ticking up. That event has led to a dip of one sort or another the last 4 times it's appeared. Also, prices had bounced down from the short term (red) upper channel line. And finally, the wave count appeared to be complete. This position will need close attention tomorrow.
