In the 120 minute chart of the SPX below, two tools, Elliott Wave count and Blue Wave trend model. In this particular chart, EW is inconclusive, but the BW model doesn't look at waves or trend lines support or resistance, it has all it needs in price bars.
BW went long this morning at 893 and held long all day, capturing 17 S&P points. The reversal Short level for tomorrow is 896.95.
The above Weekly chart remains in a 4th Wave correction and will confirm the beginning of the 5th wave down at 839.67 basis BW, but I hope to get short a lot earlier on a shorter-term model.
I posted this trade on Twitter (allanpharris) this morning, long TBT which is an leveraged ETF way of shorting bonds: