Some minor modifications have been made since
Friday's update, but little has changed. Wave
(i) of
[iii] appears to be winding down as the 1 minute chart above indicates. Tomorrow morning should mark the beginning of wave
(ii). This will likely be a zigzag family correction that rallies beyond 1070.
There should be moving average compression soon when
(ii) begins. Right now, an impulse lower since 5/3 looks very reasonable. The same goes for
[i] that preceded the current sell-off.
The larger view remains the same.
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