TS3 sell on the S&P

[Steve Griffiths]

Hi Everybody,

Following up on my recent S&P anaysis, it looks as if the rally in the ES off the Jun 27 low has unfolded exactly as anticipated. I was then looking for an ABC correction to look to go short. This is exactly what has unfolded.

As you can see from the Chart below, MTPredictor automaticaly found a TS3 (ABC) sell set-up on the ES 60-min Chart yesterday. With the reversal right at the Typical Wave C WPT, this was a perfect set-up, and found automatically by the software.

The ES (S&P) is decling nicley from there and all MTPredictor users should be sitting on some good profits on this trade already...........

But this is a great example of how the automatic routines in the software can find great trade set-ups for you.

Steve

[Steve Griffiths]

Hi Everybody,

I would like to follow up on this trade.

The chart below shows how the ES dropped into the first porfit target where the profit would have been approx 5x the initial risk (ignoring slippage and commission).

I hope this has been another good example of how MTPredciutor has been calling the recent highs and low perfectly over the last few weeks and generating some great automatic trades along the way.

Thanks

Steve

[iabjr]

Steve,
I've appended my wave count for the S&P 500. Basically, I have the S&P 500 completing a wave 4 on July 7th, starting on a wave 5 up and with a typical wave 5 being in the 1230-1235 area. What do you and/or others think?
Inman
PS I'm not able to show you my chart now. I'll review how to and show it later.