In the SPX prices finally came back and filled the open spot in the gap down where I have been targeting and suggesting since the 22nd and 23rd of December. So, it wasn’t surprising, but it sure took a long time. In the process, the NYSE did trigger a 15-day positive breadth thrust event.
Prices need to now turn down soon for this count to be accurate.
Again, we are close to triggering our medium-term count in which the market has actually started wave C of (2) and will require a month or more to finish out. But we are not there just yet.
Tomorrow may be a price surprise one way or another.
