EOD: Diamond morphed into megaphone and megaphone structure in right shoulder position is more often bullish so we shall have to see by week-ending exactly how bullish. Summation index is still threatening to roll and the subsequent decline and thrust to a terminal high is likely.
12:25pm EST: Right shoulder scenario may be gone now- looks like trying for a double top up at 4208.50 zone for a week- ending bust to the upside per usual. In this case, the pivot may also be nixed unless it is the alt two-part scenario. Let's see how it closes first- still many options available.
11:52am EST: Looking more closely at a potential time pattern for a h/s set up- a right shoulder completion could stretch into midweek next week. Left shoulder approx 4 x Pi days [4/16 - 4/29] = 13 calendar days and right shoulder [4/29 - 5/12 ] = 13 calendar days. Just for giggles at this stage. Best laid plans and all that.
Also- as was stated previously- fifth wavea at any degree have meandered and overlapped all over the place this year and a target for '[v]' could still be valid at approximately 4187.5 minimum price zone. That would still be in left-right shoulder range symmetry if this is a h/s developing.
11:04am EST: Currently inside the week ending cash target zone- "1st week cash ending possible" so prices could possibly hold in that range through tomorrow.
Looks suspicious this close to #1 but could be alt pivot scenario. 50/50 odds on any direction again but without a swift dramatic move to large new highs- still looking for a terminal pivot structure to develop. IF the structure is a pivot, this first week may well look very non-threatening and the expectation for it to close inside the two horizontal lines roughly would be appropriate.
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The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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