Today’s drop was a bit more pronounced than I expected. I was hoping to break 2105 going into this morning’s open, but instead we got the 4th wave correction first toward 2086. The rally into the close may be a clue that the 5th wave up to new highs may be upon us — assuming the market can exceed 2097 overnight.
But today we got an A-B-C 4th wave down to 2086 support and then bounced .
Today we got the dip below 4500 in Nasdaq and then the pop was fairly quick towards the close.