Saturday, 9/6/14 update

Range bound market the last two weeks with a lower limit of roughly ES 1990 and upper limit roughly ES 2010.  From a short term trading standpoint it's a whipsaw from hell unless you're very nimble.  However it does look like a top is being formed.  Often the first breakout of a range bound market is a head fake, and if the below EW count is correct then that's exactly what will transpire.