The count has not changed following yesterday's update. The market appears to be taking off in an impulsive fashion as described above. The "3rd of a 3rd" wave of (i) of [iii] of C should be underway--the market should be strong tomorrow.
A move above the high of wave (b) of [ii] will be a bullish development from a wave perspective. If this level is not taken out, the other possibilities as stated previously are a "3rd of a 3rd" wave lower or second zigzag lower following the completion of the rebound that began Monday.
The longer term view is not entirely clear, but there are several reasons to expect a new recovery high. First, it is a bit unusual for waves, such as the March-April impulse wave, to be truncated. Second, any zigzag count since 7/1 has disproportionate impulse 'A' and 'B' waves.
A larger view of the count can be seen here.
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