Critical Juncture

I have a few different scenarios playing out this week. Price action this week should give us clues as to the broader pattern, which so far Mr. Market has been trying to keep a secret. Here are the key levels that need to be broken to confirm the probabilities of these patterns:

- Bearish Case #1 (bottom photo): We are in a Wave 5 (designated by the blue/light blue notation) Ending Diaganol. We have already finished waves a&b, and are now starting wave c (with d&e to follow). Wave c should take us to the 690-730 on the ES before turning up sharp in wave d. 1st level for this case is 846.75, 2nd level is 817, and 3rd level is 739. 903 on the upside must hold.

- Bearish Case #2 (middle photo): We are in a Wave 4 triangle (designated by the blue/red notation). We have already finished wave a, and are now in wave b. Wave b should take us to the 775-810 area. 1st level for this case is 846.75. 903 on the upside must hold and 739 on the downside must hold.

- Bullish Case #1 (top photo): We are in a wave 4 double zigzag (designated by the blue/red notation). We have already finished the first zigzag and are now in the last wave of the 2nd zigzag. Prices should take us to 970-1015 area. 1st key level for this case is 903 on the upside, 2nd level is 919. 846.75 must hold.

I will be watching the financials (xlf) and tech (qqqq) for hints of which pattern is more likely to happen. I doubt I would need serious modifications to these patterns this week, but I will be providing 15 min charts at the end of each day along with where I'm leaning the most (which is currently bearish #1 or #2 works for me).