End-of-Day Elliott Analysis (by Mortie)

Hitting my projection twice is a good way to look at today's action. ES hit my projection on the way up, AND on the way down. IMO, today's market action was a product of pre-Holiday trading. There might be some serious trading tomorrow morning, but that should be it until next Monday. I plan to stay on the sidelines unless I get really bored, but I will still do my analysis each day. Gotta keep in practice. I have my comments on the chart below, as always. Bottom line, I can see ES going either way. If someone put a gun to my head, and made me choose, I would apologize to Elliott and take the bearish scenario. Because market direction is so unclear to me, and we are going into a Holiday, with its low volume and manipulative moves, I'll just be an observer and save my money for the rest of the week.