[EOD update] Click for EOD update here.
[353PM] Pre-close squiggle update -
[210PM]SPX/mini squiggle update -
[1207PM]SPX/mini count update -
[1043AM] ES squiggle count update -
[720AM]Overnight update (ES) - bull trap
At least (w) of [ii]-up is done, could also be a complete (ii)-up of [iii]-down. The amount of retrace is larger than ideal.
The current peak is unlikely to be a third wave of the larger structure over the past three days. Cash indices which have broader participation made a lower low on Friday, but futures did not - how do one reconcile the two if one were to be bullish?
[8/27 1030PM] Overnight ES update - bull trap
Please also see the weekend update - Looming Point of Recognition (8/27/10) - for a detailed discussion.
Gunning for c = 1.618 x a ?
A double three or an upward flat structure over the past three trading session is approaching its end. Under this interpretation, we either have (ii)-up of [iii]-down of 3-down or (w)-up of [ii]-up of 3-down.