There are enough waves in place to consider Minute [ii] complete.
However, if we use the expanded 3-3-5 flat count, it appears we have one more wave to go.
The S&P 500 with the expanded flat count. It is setup to challenge the breakaway gap down. A sustained rally above this breakaway gap down would constitute a reconsideration if this were a Minute [ii] count and not something different.
Remember, we just experienced a negative Zweig Breadth Thrust on the NYSE. It would take a positive Zweig to cancel it out. I am not saying that’s not a possibility, just saying that is probably what it will take to overcome the negative event.
It has 3 days left to trigger a positive “Zweig” event if it is to be. In some respects, market internals are just a function of massive computer buying and selling programs.
This is a very dangerous market. China could attack Taiwan sooner than anyone thinks. It won’t be announced, it’ll be a surprise attack. And the markets have not priced any kind of expanded global warfare at all.
When Satan is ready to wreck the world with global warfare, he will put it into the hearts of those he controls – most every world leader – into making war with each other. Is that not obvious that is already happening?
