There remain no changes to The Eight Fold Path Method chart shown below. Over the last week some backing and filling has occurred - a bit more of which is possible.
|S&P500 Index Three-Day Chart - The Eight Fold Path Method|
From our experience with The Fourth Wave Conundrum, we know that everyone wants to know what the internal count is. The fact us there are three equally valid ways to count the internals at this moment, and that is what we are working on in the live chat room. It has been tedious, and filled with numerous twists and turns for not a lot of point gain or loss.
Still, overall, I expect Minor wave 4 will touch the lower channel boundary, and the Elliott Wave Oscillator will drop down into the -10% to -40% range of the peak high value.