Ok, so the labeling of that submicro wave [2] was a bit ambitious last night. Today the wave played out and made it much easier to label. It looks like we completed a micro wave iv up. It fit perfectly in the channel and hide the right time lapse. So now we are looking for the final microwave 5 down to finish (iii).
VIX:VXV pullback a little today...but should rebound tomorrow.
VIX itself had a bearish engulfing candle form on the dailies. This signals more rise in the market. We will see how this play out with the count.
BPSPX:CPC has pulled back down again.
Ok, so the labeling of that submicro wave [2] was a bit ambitious last night. Today the wave played out and made it much easier to label. It looks like we completed a micro wave iv up. It fit perfectly in the channel and hide the right time lapse. So now we are looking for the final microwave 5 down to finish (iii).
VIX:VXV pullback a little today...but should rebound tomorrow.
VIX itself had a bearish engulfing candle form on the dailies. This signals more rise in the market. We will see how this play out with the count.
BPSPX:CPC has pulled back down again.
