All I’ve Got for the Moment

There’s not a lot I can add. Long and tedious and endless sideways consolidations are just that. And trying to count them can become ridiculous. As they become more and more complex, it’s just a guess how to count them internally. We could go up or down, and I expect up, but haven’t seen it yet.

If we are in a 1-2 here, we should move sharply higher in a 3rd wave:

ES

If the range is a true triangle, we may be in the “e” wave, and we’ll need to start the 1-2 again after it finishes:

ES

If the range breaks down, something more complex is forming, perhaps like this:

ES

In any case, I do not believe this rally is complete and I expect the 5/20 low to hold for quite some time still.


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