This is a close up with the end of Monday and Tuesday's price action. Essentially, price moved up to much this morning to count the flat scenario as wave 1 and 4 would overlap. However, we did get an impulse wave off of the high (it isn't totally clean due to the extra wave at the bottom, but since price continued downward, that is the logically way to count it). I was looking at the financials and they have already taken out Monday's low, so it is highly probable that the big indices follow tomorrow. With a low volume half day tomorrow, anything could go, but I'm expecting follow through to the downside.
Here's a step back to the 15min chart to show the broader count. I had to change the degree I was at because time and price should somewhat correlate at each degree of trend, and it was going much to fast at the degree I was at in yesterday's count. Essentially, I'm looking for more fight between the bulls and the bears over the coming weeks until the bulls exhaust themselves and give in to the larger trend. We'll likely fall hard when that happens because they won't have any fight left in them!
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