@ 4 PM
The (c) of y counts much better in the alternate count.
So another leg down cannot be ruled out to complete Minute 4.
@ 1 PM
Minute 4 is now overlapping Minute 1 on SPX, DOW and COMPX.
XLF held it's line despite the sell off on the indices this morning.
Per Elliott, wave 4 should not go past the start of wave 2.
And markets appear to be respecting that rule.
Prechter allows for wave 1 and wave 4 overlap in a diagonal.
@ 12 Noon
The (c) of y counts much better in the alternate count.
So another leg down cannot be ruled out to complete Minute 4.
@ 1 PM
Minute 4 is now overlapping Minute 1 on SPX, DOW and COMPX.
XLF held it's line despite the sell off on the indices this morning.
Per Elliott, wave 4 should not go past the start of wave 2.
And markets appear to be respecting that rule.
Prechter allows for wave 1 and wave 4 overlap in a diagonal.
Best guess is Minute 4 may be over and we may be in Minute 5.
@ 12 Noon
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