Here is the best estimate of where we could be now. Minor 4 lasted a little longer than forecasted but managed the moves up and down in line with historical models. It is possible Minute waves 1 and 2 inside of Minor wave 5 have already completed. If that is the case this is the plan for Minute wave 3. I have kept the Intermediate wave 5 levels to the far right,...
The selloff at the end of the day is exactly what was needed to maintain the projected top of Minor wave A. However, it is possible Minute waves 1 and 2 have now completed. This means Minute wave 3 could take the market up above 4515 tomorrow before cooling off into Minute wave 4. Minor wave A and Minute wave 5 end points have been updated based on the close and...
