The labels for
[i] have changed slightly, but nothing else has changed since
yesterday's update. Wave
[ii] is still quite small and should still be underway. It may be a flat, but this is not entirely clear.
An alternate count is a flat as shown above, but the expectation is for strength as a 3rd wave higher should be underway.
The trend is still higher in the longer term. New recovery highs are expected.
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