Fellow Traders:
When I saw early on that the market was starting to make a new bearish impulse pattern, I decided to take advantage of all that unidirectional momentum. I got very aggressive and earned a GRAND-A-DAY times 5 in my personal trading by 9:30am PDT.
In the TRADING ROOM, we were up over $2,500 when we had to close at 12 noon. I had planned to take care of some other business, but when I saw the market start to sell off in what I suspected was Wave 5 of 5, I couldn’t resist one more short. That brought our score to $3,607. Then, realizing that the bearish pattern was complete, I knew the market would rise in either a Wave 1 or A. Two long scalps later, the final score was $5,245 – my highest TRADING ROOM score ever.
Have a great evening. See you all next time.
Today’s Charts
Here are today’s screen captures. They may include my personal chart, the TRADING ROOM demo platform, charts submitted by students and/or my running intraday Elliott Wave count in the S&P Emini. Please click on a chart to make it larger.