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lowerlightbebeaming

ES EWP analysis 5 min chart for day and swing trading

Long
S&P 500 Index (FOREXCOM:SPX500)  
lowerlightbebeaming  
FOREXCOM:SPX500   S&P 500 Index
Wave Analysis
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waveanalysis
It is forming an expanding triangle a bottoming buying for the long trade with the 1-2 setup. This is still buying the dips and selling the rips, IMHO. Caution: If buying the bottom or 1-2 setup didn't work, hedge with a short just below Friday's bottom.
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