The pullback yesterday looked like wave 4 of a smaller degree and from that low yesterday we should be starting the final wave 5 up, which will probably breakdown into 5 smaller waves. If all goes well we will hit the FP sometime next week, which should make the bears capitulate. Then we can see a real correction happen, which at least the 588.79 SPY FP should be hit (5900's ES), or if it wants a deeper one we should fill the gap around the 5300's on the ES. All of this should play out into September 18th I think. That correction will be the bigger wave 4 that everyone has been looking for. From there we face rip the rest of the year.
Have a great weekend.
