The TradingEdge

[algol]

Since the low in mid April at 1814.36, we have a completed a 5-wave impulse to 1884.89 (70.53 point move). Let us label it wave A. Then, we had a complex zigzag (W-X-Y) for wave B. The final wave C started on May 15, and it will reach equality in length with wave A at 1932.65. This target may be 1-2 days away. So, a little higher we go to complete the C wave, and then there should be a correction of some kind (to the 1900 level, at least!).