Zooming in to just the sell of that began in early march - what I count as red 2, we see that the expected pullback did begin to occur after having kissed the 38.2 from below. In that post I modeled the pullback to be to the 50 fib but now that I see the wave form I think the pullback to the 38.2 was must wave A and now working on wave B, soon to fall through to wave C which would also fill the gap. That would be a good speculative buy point of whatever interest rate tracking ETF you might be using. Such a purchase should have pretty tight stops. In this case, clearly $18.60 would bust the model but I don't even think it is needed to take that much risk. Just wait for 5 wave down from the end of B (which should reveal itself soon) and then use 20 cents below as a stop (probably $18.80). 20 cents on $20 is a very tight stop loss of only 1 percent.
The opportunity for high reward while taking relatively little risk is what sets Elliott waves apart from every other trading system I have ever used.
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