Friday 5/7/10 wrap up

Pretty dull today after yesterday.  Looks like we're tracing out an a-b-c-d-e triangle off of yesterdays lows, it can be seen better on the 5 minute chart.  Sell line solidly above Buy, 30 minute V Stoch trended steadily up today and peaked over a reading of 75, at which point we have a sell signal, so went short ES@ 1110.00 around 2 PM CST.

Did a day trade today off the 5 minute V Stoch, short ES @ 1126.00 around 8:45 AM CST with V Stoch rolling over from peak above 80,  covered @ ES 1110.75 around 10:00 AM when V Stoch curled up from a reading under 20.  Nifty little profit of 15.25 points ($762.50/contract) in 75 minutes.  I like it. 
You can see the triangle formation off yesterday's lows pretty clearly in this chart, waves A, B and C are complete, the open question is whether we've seen D and E or are wrapping up D with E to come.  Either way we're not far from what should come next, which would be a 5th wave down.