- [Green count]: It’s an A-B-C. Advantage of this count is greater longterm agreement with the bullishness of the overall market. Disadvantage is the super-grindy nature of the present advance.
- [Pink count]: It’s an W-X-Y. Explains the grind well.
In either case, we should at least get a trend line strike, still 8% above us. We’ll see how it behaves when it gets there.