Nothing has changed from Friday. We are still on schedule to go higher into this Thursday for so kind of top that ideally reaches the 5800 zone where the top of the B wave wave around 3/25 before the plunge into 4/6. I'd love to see it taken out to hit the stops on the bears short now, but there really doesn't seem to be that many bears from the way people are talking on social media and the news.
Most think the low is in, which of course isn't what the bulls want to see and hear if they want new highs. I'm not in that camp that thinks the lows are in and it's off to 6500+, as I still see "at least" a retest of the current low, if not a lower low? Below is the wave count of my thoughts that I posted on X on Friday.
My focus is on "time", not price, so once the time runs out for the bulls we should rollover again. Next Monday the 21st is a bearish day, and the week of the 28th (meaning all the way to Friday, May 2nd if necessary?). This is how I've laid out the wave count and the projected dates for "turns", which might be off a day or so but they should be close. I don't think this Thursday will be off as it should be light volume in front of the 3 day weekend for Easter, and that usually favors the bulls.
So a grind up into that day "should" (ideally) be the best day for a short, which I"d look to hold through any bounce into the end of next week, which is likely but I don't know how much. I just want to be positioned for the 28th-2nd where the most bearish period is at. As for today I don't have much opinion. Again, my focus is on this Thursday for the best short.
Have a blessed day.
