Downside objects "in the mirror" may be closer than they appear

Not thrilled to see $XJY so low. It hasn't broken 105.70 so I still give it the benefit of the doubt, unless and until that happens. Otherwise, things looking about as expected ... the transports have moved closer to 2600. I'm starting to think what if we get there tomorrow, could opex prove to have some more game than forecast by the ChartsEdge weekly cycle. In other words, what if we get to downside targets tomorrow - if I see that, I might want to pull in my short positions if there's an upside game into opex possible. Just a thought for now.

It certainly would be interesting if the Elliott Wave pattern in $SPX traces out enough for the "C" part of the ABC down I've been looking for, simultaneously with the transports getting to ~2600. The big question being, what if the S&P 500 tests perhaps 750, will that be "enough" for the low, or at least a major low, to complete? and allow the significant rally people have been looking for? It's a big question if you've been playing this short and need to know when to lock in gains and maybe re-evaluate the trade going forward.

For now, as I stated, it's just a thought and may be more significant with any lower levels that show up tomorrow. Here are some charts, and meantime, be careful out there and happy trading!