We are currently finishing the structure from the low of 31 January, NOT (I believe), from the fourth wave low of 30 January.
We therefore need a fourth wave (about to unfold today/tomorrow) and then a final push higher (Monday?). I expect that a lot of indices will not make a new high on Monday… but Apple-powered Nasdaq100 should.
It is quite possible that I “lost” a wave, which would mean that we drop and do not make a new high. I think given the longer-term structures, any weakness should be respected.
SPY count:
QQQQ count:
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