The the wave structure over the past 2+ days is an ending diagonal, today's high should be the end of the rally since at least the Feb 25th low. Otherwise, there's potential for a final squiggle high with targets around 1173-1181 in SPX cash, against the backdrop of the bullish tailwind, to complete a regular impulse. Dropping below the Mar 15th high confirms this peak.
How is it possible that no matter what the market does and no matter how bullish the tape is you somehow manage to always come up with a bearish count showing an imminent top? This is just ridiculous! How can it be an ED when there is no overlap of waves 1 and 4? How about some objective wave counts instead of this permabear nonsense.
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