An ending diagonal (p. 38 in our bible) however is still possible. The fact that the boundary lines are diverging and not converging, making it a very rare expanding ending diagonal, does not argue for this possibility.
So, let's K.I.S.S. : ) I 've marked 1080 as the top of Primary B or 2 until proven wrong. The move from 1080 down to 1040 as a first wave and the run up to 1070 as a wave 2. Hence we are somewhere in the third wave which should end at 1000ish tomorrow/Monday.
Tomorrow before the open we'll get the Non-Farm Employment Change numbers. You might have heard that GS raised its expection from -200k to -250k (average forecast -180k). For known reasons GS is normally right ; ) so a much worse than expected number should drive the market lower.
Lastly, I just wanted to praise my cycles... lol... It had a cycle top at 9/25, two days after the top in the SPX. So far, it's spot on and I hope it will be it at least till the end of November when there is a cycle low. ; )
I'mma post some charts tomorrow, don't have time now ; )
