Remember, first comes #Denial.

Remember, the first stage of the sentiment rollercoaster in a new downturn is #Denial... 

NQ can now count as 5up in an ugly LD too, also DAX can still be positioned to attempt a c-wave up in a larger ivth.... so that and the fact that ES is holding (part of) a corrective consolidation off Friday's highs means I am more willing to give this the POTENTIAL of surviving as a (i)-(ii) of an ATTEMPT at a blue circle c up for a wider flat B that could easily truncate, disappoint, barely make a nominal new high, frustrate, aggravate, and annoy as it struggles to grind up into EOY... and "grind up" is exactly what it could do to many traders... Forgive me for not being enthusiastically bullish, I think the days for "enthusiasm" are behind us, and a pragmatic blunt realist approach is needed to navigate the turbulent waters ahead.

I will be using the possible blue count to hedge longer term short positions and setup more ideal entries on other short. Please be careful of RELYING too heavily on follow-through.

Remember, the first stage of the sentiment rollercoaster in a new downturn is #Denial... 

SPX.XO - Alternate 10 - Nov-19 0830 AM (1 day)
SPX.XO - Alternate 10 - Nov-19 0830 AM (1 day)
SPX.XO - BIG Macro Clean - Nov-19 0829 AM (4 hour)
SPX.XO - BIG Macro Clean - Nov-19 0829 AM (4 hour)
@ES# - Alternate 4 - Nov-19 0809 AM (5 min)
@ES# - Alternate 4 - Nov-19 0809 AM (5 min)
@ES# - BIG Macro - Nov-19 0824 AM (1 hour)
@ES# - BIG Macro - Nov-19 0824 AM (1 hour)
@NQ# - Primary Analysis - Nov-19 0832 AM (1 hour)
@NQ# - Primary Analysis - Nov-19 0832 AM (1 hour)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.