The market is clearly waiting on some news event to breakout... what that is I don't know? Maybe it's some kind of peace deal that Trump puts together? Whatever it is we should see a fast move up to hit and pierce the FP of 655.66 on the SPY, and then the top is in and a nice pullback should follow. We are so close to it now that I just can't see it being put off into next month or the month after. We should hit it this week and then get just as fast a first move down for what should be the A wave. The B up will be a torture probably but the C down should bottom on September 18th I think. I could be wrong and that could be a top, but right now there's too much time left for just an A down and B up. It's more then enough time to complete the entire ABC I think. Now, if I'm wrong then we would then top on the B wave up into the 18th and start the C down afterwards. That's possible, but I first want to see the A down start and finish, so let's just give it more time to play out as we won't know until the first move is out of the way. That's all I have for now... nothing has changed. Still waiting on the FP before shorting.
Have an blessed day.
