S&P500 pending short: wave 5 of 5 of C or Z

4 May

This is how I will count the S&P500 Elliott waves.

Entry will be at 5757.5. You can wait to a reversal signal instead also. Stop above the high if that's what you choose. Else, give some space. I'll set the stop nearer to 5800.

5 May

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I believe it might have reversed given the break of a trendline.