Current count. This wave is looking a lot like the end of the February wave. I don't know if this is the end of it, but it looks like we are very near. Also no pullbacks at all, just sideways consolidation and stair-stepping into highly overbought territory.
This last wave for the past week and a half is not an impulse. If you want to be ridiculous and call it an impulse, that is your prerogative.
And speaking of ridiculous impulsive counts, I still see a lot a counts trying to call the move since last July as an impulse. And I disagree with that pretty vehemently.
This final move is looking like it will get toward my target area of 1370 (give or take a few points) with virtually no pullback. That doesn't seem particularly healthy to me.
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1 year ago