So far this morning we have had new rally highs on COMPQ, NDX and XLF. So the 1-2 case for the start of Minor 3 is officially gone. But that was more or less abandoned on Friday (I Hate to Say It)
So far however, if this is a Z wave like I think with this chart: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEJXIPu2D-9IzBRD6V1aclf6HELYmUjaXjQftXVqXgihfSNwfRb-80_Z0twOKeyvEpM-b82MChAzW0WIdiPzuxLquvUH-B2CSrHfQMByaTMNpPXoUImVYrjtIF9_IK32isNW5N1ljQoBTj/s1600-h/0binve-001-201.png, we haven't had anything that could stand for a B wave pullback. By that same logic, if you subscribe to the theory the the move the last 2 weeks is a five, and this move the last 2 days is 5 of 5, then there has not yet been any move that could really stand for 2 of 5 of 5.
Odd, odd, odd couple of days.
Addition - 1:15
Still agnostic on the current micro count. However looking at the ES chart is interesting. The last 5 days have seen us trading along 2 key sets of trendlines. There was the large excursion last week that moved us back up the very next day.
But it "acts" like it is retesting resistance.
