The low is most likely in now. The March 30th low should have ended my Extra Tiny Wave 5, inside Tiny Wave 5, inside Small Wave 5, inside Medium Wave C, inside Large Wave 4... whew, what a mouthful (LOL)! I posted a chart of the wave count on X Monday Evening showing this wave count, and suggesting that we drop to the 627.03 FP on the SPY to finish all those waves. But that's looking less likely now as that Extra Tiny Wave 5 likely ended that day at the 6353 low on the ES. Below is that chart again...
Now, let's talk about the move up from that low and what should be coming next. That move up is likely some degree of a wave 1 inside Large Wave 5 up, which right now I'm going to label as Medium Wave 1, but that is subject to change. Therefore, the pullback currently in play now should be Medium Wave 2 down. You'll notice that it's making a beautiful Inverted Head and Shoulder with this pullback, which will be the Right Shoulder of it. What's coming next week should be the start of Medium Wave 3, and of course it should subdivide into 5 smaller waves. Below is a chart of it...
Have a great weekend.
