Note: I’m traveling thru the weekend, next full update will be on Sunday. I’ll post from my phone should conditions warrant it. Not much happened today. All wave counts and scenarios remain valid. I’m immediate term bullish and expect a strong close to the month.

All indexes but Energy are on long/buy Signals. Gold has once again triggered a sell/short Alert that will be confirmed with a GLD close below today’s low.

No change for the wave count scenarios. We continue to follow two scenarios that could play out in the near term (and 2 scenarios for the longer term): i) the continued impulse upward of minute wave [iii] as shown on the top chart, or (ii) a minute wave [i] top that would be followed by a more modest pullback in minute wave [ii]. On the larger time frame, the top chart shows a far less mature count than the lower chart. The top, more bullish count is that BTC is only in minor wave 3 of intermediate wave (3), where the lower chart has BTC in minor wave 3 of intermediate wave (5).

The two versions of the SPX count shown on the charts below reflect the same big picture possibilities discussed above. The top chart shows the more immature count that has the SPX only in intermediate wave (3) vs. the lower chart where the SPX is in its final intermediate wave, intermediate wave (5).