I will show some examples of wave balance being put in here. If they stick, the structures look good here.
Apple:
Tesla:
Amazon:
I don’t know that these will hold here exactly, but if they do, the structures can be complete. The whole things are clearly corrective structures and not impulsive ones (from their lows). They should not be lasting bottoms and I expect them all to reverse hopefully soon.
Now, we’re into the S&P gap, and I would suppose that people simply assuming that we will close it, since we’ve gotten this far, will be enough complacency for a surprise here. Ideally that is what I would like here.
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