One piece of the puzzle that is not lining up for a low in equities is the $VIX.
The bullish wedge (last noted here) is still a force to be reckoned with. If it breaks out, I would expect it to reach either of the two fan lines above.
If it does, I know immediately how I would account for it on $ES: either make this minute (blue) 2 much deeper (and make this ending diagonal C-Wave a triangle B-Wave instead), or move the minute (blue) e over and assume we’re still in that triangle. But I don’t know how I would account for this on the Naz yet, as it would break the structure it’s in altogether (so I still have to give that more thought).
Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.