ES1! - S&P 500 Bear Count MICRO E-MINI S&P 500 INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:MES1! forker The 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks. Any Swing or Pullback can be counted from 0 to 5. When 5 is reached, it restarts from 0, again to 5, just in the opposite direction. This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules: Up-Swings: A new high is CONFIRMED when the last low got broken Down-Swing: A new low is CONFIRMED when the last high got broken. Here in the S&P 500 we see 3 different counts. - grey = Pendulum Swings, the biggies - yellow = Swing count withing the Pendulum Swings - red = Pivot count within the yellow Swing count Currently we are in a overall down-count. Nr . 3 of the grey, Nr . 5 of the yellow and Nr . 3 of the red. So, a very good short opportunity. Another short indication is the nice dobule-top at the white center line of the up-sloping pitchfork . And finally the bear flag where you see the red 1-2 count. If all this fails, then we see a much higher grey 2,4,5 high count. Let's find out.