The market confirmed the short-term wave count with a higher recovery high today.
Today might have been the top of Minute [iii], but it could just be the first subwave of (v) of [iii]. I prefer it to be the first subwave as wave (v) of [iii] needs to stretch out a bit perhaps.
The best bear count is a truncated (1) down and an A-B-C up. If this is the count, then today would be a good stopping point, and all waves are minimally in place to consider the count complete. We may have got a “top tick” moment with Trump saying to buy stocks. Just a thought. It’s not the primary count but the VIX is still quite elevated. Any sharp price move below 5555 is concerning for bulls.
