A flat day yesterday as expected. Today should start the pullback but if this is a C wave down I'd only look for the wave 1 to play out with the wave 2 back up happening to the close or early tomorrow. It's setting up for a wave 3 down inside a C wave to happen on Friday, and if it double bottoms the October 10th low the wave 4 bounce should happen in the Sunday futures with Monday the 27th having the wave 5 of C to hit the stops below the prior low and then reverse hard back up.
I'd look for a rally all week if that happens, and a top into November 6th, which again... should be a higher high. How much I don't know but enough to take out the stops on bears that are likely right above the current all time high. It should be about the same as the coming low I guess, about 50-100 points to take them all out. After the stops are hit with that new higher high we should rollover for the crash wave. November 6th is a very important day, which I will explain in a future post if the market continues to track the current expected pattern.
Have an blessed day.
