The S&P hasn’t moved much since our last post at around 2470 – -ending today at 2473 ES. Volatility is at an all-time low. Without much movement hard to add too much from the last post.
In terms of number of squiggles – it appears 5 waves completed this morning near the open. However, there exists the possibility of extensions if we get a rally overnight.
If not, then consolidation in this region staying below 2479 could mean that we roll over tomorrow.
That said, the Nasdaq still appears strong while the Russell seems to have started a move down. So not all indices are in sync.
The wave squiggles in nasdaq are unlear – is it appears the Nasdaq is not pulling back much at all – even making additional highs after the close with FB ‘s earnings beat
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