Week starts down and up after elections?If we are in Cycle B, and if it began on October 13, then we are likely in Intermediate wave 2 right now. Intermediate wave 1 would have lasted 13 days and gained 420.21. Right now I have the market in Cycle wave B, Primary A, Intermediate 2, Minor C, Minute 3.
A down day on Monday would likely confirm this position. Also, if we are in wave 3 there would likely be a gap down at the open.
I have projected the end of Intermediate 2 based on the Intermediate wave 1 data in combination with historical relationships. I have also projected the end of Intermediate 2 Minor C based on Minor waves A and B. Levels forecasting the bottom of intermediate 2 are on the right while the left levels are forecasts for Minor wave C
Right now the bottom may occur either late on Tuesday or early Wednesday (the election is the likely catalyst and bottom). The bottom will likely occur above 3625 but below 3700. I will re-analyze if we do not drop all the way or there is any other deviation outside of reason.
