O 37480 37460 37440 37420 37400 37380 37360

Once again prices proved to be in congestion. To show that the market had no idea of which way to go, prices formed a doji. Despite the fact I now had a shifted three count to the upside, I wouldn't dare enter a trade that failed to take out the highest high.

The S&P was still in a trading range. I would wait to see if prices took out that highest high. My only other choice was if I could get a breakout of a three count to the short side before the market closed.

The next bar killed the uptrend once again. I could now number only three segments going down. Sometimes the S&P makes a big move right at the end of the day. It was too late in the day to catch it. There would not be enough bars to suit me.

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