With the following making new all time highs, the question now is if SPX, DOW, NYSE can catch up. The ST has turned up from yesterdays move with a continuation of that impulsiveness today along with an OB reading. I believe that SPX should test its highs. Breaking them is another matter. If we do break the highs, then the ABC in Blue that I have labelled would be on the top of my list of best counts.
With impulsive patterns and gaps occurring it is harder to make sub-wave counts that can be shown as accurate, therefore an ABC move up from the June 9th low cannot be ruled out. These moves side ways could just be a bigger ABC move altogether.
MT: DOWN
ST: UP June 17th
PA: UP
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