We are likely still in Minor wave 4 moving upward. It was originally forecasted to last 7 to 10 to 13 hours. The 7th hour will be the first hour of trading on Monday. The 5 minute chart has a potential wave structure so far if we are inside of Minuette wave 3 inside Minute wave C upward:
The market could open upward or move up in the first hour of trading. The...
This chart is adjusted for the bottom on Friday. My target top has also slide to around 3988 at most. We will see how the week plays out. It will likely be slow until the Fed with plenty of speculation. If Elliott Wave Theory holds up, the Fed rate decision and/or the press conference will begin the major 350+ point drop.
Here is a zoomed in chart of the...
