NOTE: THIS POST WRITTEN LAST NIGHT
My apologies to those of you who follow the Vindicator @ HOB, that site has a new look and a new host and the settings necessary to access the Vindicator got lost in the transition.  The problem has been identified and access should now be available, if you're still having problems clear cache and cookies in your browser.

Looks like the high today in the SPX/ES marked the end of a wave 4(red) with wave 5(red) now in progress.

The strong and impulsive looking sell off into and after the close confirm this labeling.  Wave 1(red) traveled ES 54.50 points, so if W4 did in fact terminate at today's high of 1088.75 then W1 (red) = W5 (red) at 1034.25.

I mentioned last week that I was working on the Stochastic version of the Vindicator.  It's performance during the sell off last week was odd to say the least.  I rechecked the code and the input data last Thursday evening and found no issues.  Over the weekend I experimented with some other ways to manipulate the input data, below is what looks most promising.  The middle indicator below (labeled VindicatorStochV2) is actually the original V Stoch with an enhancement.  The darker blue is that original V Stoch, the light blue is the slope of the V Stoch curve.  I had to do some fancy math dancing to convert the slope into a form that matches the 0 to 100 stochastic format, in actuality the raw number actually oscillates from a negative reading through zero to a positive reading and then back (anybody recognize that from another site?).  Anyway, the idea is to get kind of an early warning on a change of trend.  If you examine the result, it's not 100% but it isn't bad.  The bottom indicator (labeled VindicatorStochV3) uses the same input data as the original V Stoch but handles it just a little bit differently, you can see it pretty much mirrors the original V Stoch but seems to be just a tad more accurate.

As I said both the V Stoch versions tended to mirror each other except for the chart from Friday.  On that day the original V Stoch peaked around lunchtime and then declined through the rest of the day, while the newer version bottomed in the morning and increased during the rest of the day, i.e. they directly contradicted each other.  Interesting.  That problem cleared up today when they both put in peaks and started to decline, the newer V Stoch around mid-morning and the original version around mid-day.  I established short ES when the new version peaked and added to the position when the original one peaked.  So far that's looking good. 

I haven't had time to run an in depth trading simulation with these new twists, I'll try to find time in the near future.  Meanwhile, both versions will now be part of the 30 minute charts available at the Vindicator HOB link.