Near ((c)) = ((a)) for Minor B

The cash S&P500 has not yet made a minute ((c)) wave = minute ((b)) wave for the Minor B wave, as per the hourly chart, below.

SP500 Cash Index - 1 Hr - Near ((c)) = ((a))

This has been a difficult wave series to count because of the sideways triangle within minute ((a)), the nearly equal b wave for a 'flat', and the c wave diagonal downward to end the minute ((b)) wave. We have shown portions correctly. We didn't get it all correct. But, because the Minor B wave exceeds the 78.6% retrace level, we think it counts best as the B wave, and not the second wave that starts the long awaited crash. Note that the angle of the minute ((c)) wave is less steep than that of the minute ((a)) wave. You can see this by the number of bars being larger on the ruler shown. This might indicate that the downward pull of the market is the stronger one.

If the NQ futures exceed the 10,658 level, then that will only be wave ((iii))) of their potential ending diagonal. If not, then the diagonal can end or truncate in this area.

Stay flexible patient and calm, and have a good start to the week.

TraderJoe
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