I am not arguing about the short is coming soon or August lows of your hull moving average models. It is coming, but not just yet! We are in leg 5 of a 12345 EW that started 6/15 and this EW is in a bear flag that is squeezing fast. The S&P is pointing toward 3420 and ATH and to fill that gap from Feb. This is probably the last exhaustive bull move. I am not sure what the final target is for this leg 5 is but I am confident it will be associated with a Fib level because there are three different ways to measure leg 5. First, leg 5 is inverse 123.6 – 161.8% retracement of leg 4. Second, leg 5 is equal to leg1. Third, leg 5 is 61.8% of leg 1-3. There might be a sell of 7/31 because its the end of the week and end of the month, but AAPL and AMZN earnings may fuel this last exhaustive move toward 3420. In my opinion I don't see how the EW is 90% complete and the pattern not complete itself and the last 1.5 months becomes invalidated. But I am following and listening to your August low models and 2022 models.
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