Best count has the market either finishing Minute [iv] already or about to early next week in some kind of running (b) wave contracting triangle. There are enough waves in place to consider the count complete.
Could be as simple as a rally to the lines near the 50 weekly moving average. 15 – 22 Aug time frame.
It is always preferable to see a visible Intermediate (2) on the monthly. Gives confidence to the overall count.
Junk curiously couldn’t close its gap down today.
9-month trendline on the VIX broke under today and even closed under. “All is well.”
