Last count was invalidated.
Wave 4 cannot overlap with the price territory of wave 1 (Except in the rare event of a diagonal triangle pattern).
With that said, we needed to re-count. So chart updated from last time.
Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued....