ES

ES finished higher for the 13th out of the last 16 sessions and closing over 1,000. Range was 19.25 points, while volume finished lower for the second consecutive day with a higher price close. They are handing the torch off to someone - hope it's not you.

What a mess of confusing waves. There are several possible counts and all have issues. We either completed minor A at the 994 H, or we are working on it now.

Who knows. I still favor the completed A scenario for now, which would mean we are tracing out an expanded flat. I have previously discussed that an expanded flat would make a whole lot of sense to me.

If correct, minuette (a) finished at the 978.25 L. (b) looks to be completing very soon, in what might be an ending diagonal. Whether its an ending or leading, ES is definitely wedging (again).

As mentioned above, the waves are a wreck and there are lots of other options. Lets see what tomorrow brings.

Surprisingly, I have the 100 lotter's finishing barely above break-even. Seems strange on a day where the market was up 16.25 handles...or does it!?