sngyuchao

ES Short: Important change to Wave Counts

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
I had published bullish counts of ES the last few times. However, recent event has caused me to activate the alternate count which is a very bearish setup. Yes, this means that while the wave counts could profitable for the short term (if you had implemented stop profit or taken conservative TP) for the previous setups, now the big picture has changed and flipped.

The approach I will take now is to short into the rallies.

Good Luck trading!

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