I have looked at the counts and still cannot figure how Sub-Minuette5 is complete. EWI changed their degree with this STU, so now they call Minuette1 complete (which implies Sub-Minuette5 is complete). I have been at odds with STU in the past and have been proven correct in every case up to now. However, I put a big position on Friday and am not willing to assume EWI is wrong with a lot of chips on the table. Consequently, I am flat futures, I have scaled back the QID, am still 8% DXD.
If they are right then the 30-minute M/A will be broken and probably the 60-minute M/A as well. The 30-minute is 1078.04 with an envelope of .5% extending to 1083.50. This will prove or disprove their assertion that the 5-wave from Monday is complete. I will re-enter short SP futures at 1079.25. If I do not get a short position off tonight then I'll know that their count is wrong. If I do my stop is 1083.50.
I'll hold the DXD against the same 1083.50. If futures pierce that price then I'll sell at the start of ARCA session.
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