I didn't do a post yesterday as nothing has changed. The market is still around the same zone, even though it went a little higher and is still grinding higher this morning. This should be the wave 3 up and will end at some point soon and we'll a wave 4 pullback. That pullback should be next week and the following week we should see the wave 5 up.
Now... that's where it gets tricky. I do not know if it's the end of a 5 wave up C wave, which ends a larger B wave (my bearish count), or if it's the end of a 5 wave up 3 wave, which would be inside a larger wave 1 up (the bullish case).
Below are those charts...
As you can see there's not much to do until the last week of May where a top for either the bullish case or the bearish case will give traders a good shorting setup.
Have a great weekend.
