Looking at the various charts and time frames for clues I lean toward the market bottoming in the next couple of days. I don't see much more on the downside either. The max might be to 5700 or so on the ES, but it doesn't have to go that low. It might have already put in the bottom last week? Regardless, this still looks and feels like a wave 4 pullback that should be done in a few more days.
Then we should see a wave 5 up into next week, which may or may not make a higher high? Odds are it does, as the market loves to hit stops on the bulls and bears (bear stops this time) before it makes a new trend move (down).
If we do make a higher high I still think that will will stop short a of double top as that's the area every new bear will want to short at, so the market most likely won't allow them the perfect double top to short. It should be 50-100 point lower then the current all time high of 6166 (in hind sight that was such an obvious top with the ritual 666 in it). So, with next week being the first week of June I think it will be the week where this 5th wave up happens.
If so, that should be it on the upside and we should decline into mid-late June where we should fill some gaps below. I don't know if we get all the way down to the 4/22/25 gap fill or not (5339.25) as that seems like a lot, but that gap will be filled at some point. Possibly it gets filled later this year in October? It's an unknown at this point. The other gap is from 5/9 (5715.25), and I'm pretty sure they will fill it.
That pullback will be some larger wave 2 I believe and will make a perfect Right Shoulder in an "Inverted Head and Shoulders" pattern where 3/13 was the Left Shoulder and 4/7 was the Head. From that low we should explode higher into August/September for the 655.66 FP on the SPY... at least I'm hoping it hits this year.
It's possible I guess that they save it for next year, after we pullback hard this October for a nasty low that should be below the current 4832 low. But, they could also top this year instead and that early high that's expected in the first quarter of 2026 is only a "Lower Higher"... meaning the 655.66 FP on the SPY is the highest high before the bear market starts. With the obvious ritual 666 in the FP I have to think it will be a major high that last a long time. Maybe they hit it this year on 9/9/2025, which is a 999 and an upside down 666 ritual number? Remember that satan does the opposite of God and using the number of man (6) upside down is still a ritual for him.
Anyway, for today I don't have much to say as where the market is going. I'm focusing on catching the next short, which I lean toward it showing up next week (June 6th 2025 is a 669).
Have an blessed day.
