starting it off early with some thoughts for the weekend:

spx 60 and 15 - the big question for me is this - when did, or when will, Major [3] wave up for spx end? For the green count, it ended at 3338, and wave Major [4] is in progress, having given us wave W to 3214, a flat wave X to 3347 (flat because it took out the prior high and retraced more than 100% of W), and is now looking to Y to compete [4].

For the blue count, wave Major [3] is in progress, and has a variety of targets, but the nearest targets would have it ending soon, or at the high a couple of days ago. For me, the more graceful count for blue would give spx a marginal higher high early next week for wave (5) of 5 of [3]. It's a good time to be on your toes, as there is all sorts of negative divergence building up on the daily.

Paper trading. I am still looking at trying to find targets for opening moves by making use of ML sets based on PMO "line wiggles." This time I used the StockCharts "Market Movers" feature of StockCharts.com. I looked at the "Most Active" list for symbols that also appeared in the "% Up" and % Down" columns. I figured these might have small big-ask spreads. I paper traded Visa V, with a long call and it worked well. I found that V price formed a very nice Kane 4P at 0.236 fibo at yresterday's close. My CSCO puts did not do as well, and I exited with a loss. I probably got in the CSCO trade too late. That 0.618 fibo retrace from CSCO's previous morning mid gap might have been a good entry point for a long put.

Al :--))