For the near term, a complex small-degree 4th wave or an extending 5th wave could be in progress. See chart 1 (SPX) and chart 2 (ES). Tomorrow is month-end. I will show some interesting observations on the big picture in the weekend commentary.
[1205pm] SPX update -
Tracking counts update and squiggles. See charts. ES tracks Chart 1-blue and Chart 2-green better at the moment.
[940am] SPX update -
[650am] ES update -
Post-full-moon (yesterday) and pre-month-end (tomorrow). ES once again is above the neckline as well as the prior down trend line, and is approaching Fib-618 retrace (Chart 1). Picture perfect (Chart 2).
