Today's rally off the lows went too far. Wave 3 can't be the smallest wave in an advance.
Maybe today was waves 2 and 3 of an ED. One thing I've noticed is waves begin to overlap near tops much more so than in the middle of a motive wave. Waves are starting to overlap more often.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.