6/21 Daily Commentary

The rule for I1 is to buy/sell late in the day or at the close of the turn date OR get in at an extreme.  It turns out the extreme was 10,600, not the hail-Mary 10,650 that I put in so that didn't go.
This afternoon did not give much opportunity to get a counter-trend pop to sell.  Near the close the DJI hit it's 5-minute, 380-unit M/A, kinda like stepping on a third rail of energy.  It started to rally off of it, but my count is a completed 5-wave down and the bottom at critical support so I believe that the rally has more to go.  Shifting to futures methods to determine entry price for a short stock position.
The 1-minute futures chart shows a 5-wave up complete off of the late low. 

Futures at 1114 would be a good entry, just below the wave i low.