The market went a little higher on Friday, so my thoughts that we had a ritual number high on Thursday wasn't accurate. I guess it has to be a more obvious 666 or 999? Either way, nothing has changed. This week is still "the week" where we should a drop, which again should be a larger wave 2 down.
Target is hard to say for sure but 5500-5600 is my best guess, which is based on the FP on NVDA and where the ES/SPX should be at when that FP is hit. This should be over with by early next week. Once the FP on NVDA is hit the bottom will be in for the market and we should start a very powerful rally up into July/August.
It should be fast too, and I suspect we'll be a new highs into July and then it will grind slower into August. The most important date though will be September 18th-22nd, which could be "the high" or a "lower high"? Either way the market should crash after that... if we are at the 655.66 FP on the SPY, and/or already hit that high and have done a pullback from it (the A wave down) and are putting in a B wave rally up into the 18th-22nd. That's the medium term picture. As for the short term, I don't have anything to add. Again, we should rollover this week and start the pullback.
Have an blessed day.
