
After watching the indexes putting people to sleep today, the Dollar did make an important move, breaking below support and closing underneath it. Very possible that we now have a full five waves up completed, and it is now time for a correction for a 2nd wave. The indicators are in over-bought territory, and have rolled over to sell. I am still not very satisfied on the 3rd wave up, it does not possess the characteristics of a classic 3rd with a strong iii of 3, or a point of recognition, so I have been keeping that 1-2, 1-2 up count on the radar.
The After the bell update for the SPX is down below!!!
Maybe wave 5 will be extended?
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