I have been considering that the EWP from the February top as corrective.But a corrective pattern would not fit with the potential scenario of a larger or longer pullback of the equity market.Therefore I am considering switching to a new idea that calls for an impulsive decline.This option is a bit devious but it would adjust the “map” aligning it with the equity scenario.Therefore judging from Friday´s bullsh action, price should have began a wave (IV) of (3) bounce that  is not initially…See More

Last 2 daily candelsticks are suggesting bottoming attempt successful outcome or failure?See More

Last 2 daily candelsticks are suggesting bottoming attempt successful outcome or failure?See More

The preferred count remains the same: Triple Zig Zag off the February top. If the count is ok price is now in the final Zig Zag that will establish an important bottom. A Zig Zag is a 3-wave down leg = ABC, hence price should be now involved in establishing the bottom of the wave (A). The down leg in progress is now very…See More