S&P short: Friday reversal I had just call for a long and got quickly slapped by the market with a strong reversal. This forced me to recount the entire move as shown here. I don't like it when a potential 3rd wave has such a strong sub-wave 2, which is why I called for the previous long idea. But since the move up is already invalidated by the strong reversal, I have to revert back to the short idea.