The market has one more window of time where a low should come in, which is the 17th-20th of this month. It does not need to be a lower low, and in fact I think the odds of that happening are super low.
It should be a higher low as I think it's pretty clear now that we are in a wave 2 pullback from the face ripper rally high from wave 1 that ended on March 10th. Since the time window for the low is next week I have to think this wave 2 is going to unfold in an ABC pattern whereas we are in A down from that March 10th high, and will do the B wave up next, that could last into next Monday or Tuesday.
It should be a lower high then the March 10th high of wave 1 up. Then the wave C down inside wave 2 should follow. It should bottom between the 17th-20th next week and produce max fear. Crash callers should be everywhere, which will provide the fuel for the wave 3 up to follow. Between now and the bottom of this wave 2 is the shakeout period where bulls bail out and bears load up for the slaughter from the massive squeeze for the wave 3 that will follow.
This should all last into late April or May to have all 5 wave unfold, which will complete a much larger wave 5 up. Then an ABC down will happen that will look and feel like a crash as it should fill the gap on the ES at 5339 from last year before the end of 2026. An early guess here is that the A wave will be from May to July, and then the B wave will go up into August (or September).
Then the C down is into October. If you can catch it there will be massive money to be made. But it won't be easy, nor is the rally up to the 7600+ that is currently dragging it's feet. I'm still long and will look to add to my position next week when I see the ABC down play out. Nothing to do now but wait for that to happen and take another shot at riding the bull.
Have a great weekend.
