Better Late Than Never

10:30am EDT: I would have posted this a lot earlier as I was actually scalping some futures in the first hour. However TOS decided to become unresponsive and I had to completely reboot my entire box, which always turns into a 30 minute adventure, considering everything that needs to be launched.

We had a helping of Soylent Green for breakfast and it appears that we completed {iv} of A at the morning spike. We are now descending into what looks like a developing B wave. However, there are other scenarios that come to mind.

FYI – I just received a long scalp alert from Geronimo – so if you are swing trading or scalping – watch out.

10:35am EDT: Never mind that warning – the scalp just closed out – successfully of course 😉

10:46pm EDT: I don’t like the pattern here at all – also the momo/participation looks off. Thus I had to squeeze my brain to come up with an alternative count – please see the updated chart above.

Green would indicate that we completed B yesterday at Wednesday’s low and are now pushing higher into who knows where. I have marked the respective inflection points on the chart. Sorry for the correction but the situation is fluid and once I got all my charts up and running blue looked less clear to me.

12:02pm EDT: All the whipsawing notwithstanding – we are still basically inside the same channel:

Be patient – don’t force yourselves into trades because you think you have to do something. If you feel the need for speed, follow this friendly channel guide.

I hope 80 holds on the ole’ buck – that oughta put some pressure on equities and prescious metals.

Yowwzers!! I didn’t even see this until now!! This is huge news – for that resistance line to break basically just opened the flood gates. Bond market dislocation – here we come! Guess what – the value of your house just dropped by a few more percentage points. How are you liking them apples, Curly?

12:35pm EDT: Geronimo just completed its 2nd successful scalp. BTW, I made a lot of progress on the notification module. Still have one little bug to resolve with the trailing stop logic but I’m getting there.