Fellow Traders:

Our first TRADING ROOM day of July, 2014, was a profitable one.  We ended at 12 noon with a net profit of $879.50.  Then, I took another short and brought our score into Grand-A-Day territory.  After my entry on that last trade, the market touched my first target several times without filling it then took a corrective bounce to the Trend-Definer.  I surmised that the bounce was probably a Wave 4, which meant there would be a Wave 5 that might turn the trade profitable.  So, I held on and eventually hit two targets.  Just another example of how some basic EWT knowledge can fortify one’s Damage Control mindset – as I discussed in last Saturday’s webinar

I also hit my Grand-A-Day goal in my personal account.  And, I have attached my EW count for today.

The Summer is off to a great start.  Have a pleasant evening.  See you all back in the TRADING ROOM on Thursday.

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.