- keeps on a chuggin'. Revised EW count for about the tenth time:
We are in Intermediate W5 (purple) from a low on Nov 29. Minor W1 (red) in this count was formerly labeled Minor W1 thru W4, mainly because the strong rally action of Dec 1 & 2 was more typical of a 3rd wave than a 1st wave. But the continued march to the upside has forced a rethink.
I've labeled Inter W5 as complete at today's high, but that is a longshot. More likely Minor W5 has longer to run. Likely targets are ES 1280, at which point Minor W2 through W5 will have traveled the same distance as Minor W1 (62.75 points), and ES 1297.25 at which point Intermediate W5 = Intermediate W1.
