They say he who hesitates is lost. The hourly Trend/Osc generated a buy signal this morning at 8 AM, I covered the short ES's @ 1144.00 so pretty much breakeven there, but didn't go long thinking I would wait for a dip to buy in at a better level. Next time I looked the market was a runaway, so now I'm waiting for a decent retrace to go long. Should have executed when the Trend/Osc gave it's signal and not tried to play cutsie.
With today's highs the trendline and oscillator in the Daily Trend/Osc were reset, thus the bull mode continues from that standpoint.
Most likely Elliott count looks like this:
