ES Elliott count, Daily chart:
Note that Fibonnaci extensions project out to ES 949.50 for C=A and 838.25 for C = 1.618 x A.
Came very close to shorting ES at around 1082.00 Friday afternoon, chose not to for three reasons:
1) "Ramp up Monday" pattern that has been evidencing itself in recent months;
2) Next week is OPEX week which is typically bullish;
3) Weekend events can cause unfavorable Sunday night gap openings.
However, the market still looks extremely weak so I will pay close attention to the open Sunday night and may monitor things much more closely than normal into the evening.
