I am thinking we must still be in wave 4 since today was so gawd awful boring. The good news is that the fireworks might start tomorrow. I am still going to have a bull-ish bias until I see a 5th wave or the first wave high is taken out. Wave 4 might be over, although I think it needs one more low..But it could be a running flat, I would think a break of 1260.34 would signal this correction is over.
Hmm. Now that I look at it, it’s possible that this was an ABC and a large 5th wave down is coming. I am not sure at what level this is for sure, actually it might be 1232 around there. Most things are pointing to about 1245 for now I believe. Then we’ll see if the bull or bear count is right.
