All indexes we cover are now on sell/short Signals

With the sideways chop continuing, there are no changes to the wave count possibilities for BTC. The bullish BTC count has a couple of possible immediate term possibilities. The green count has minute waves [i] and [ii] in place followed by an expanding leading diagonal for minuette wave (i) of [iii]. Minuette wave (ii) is either complete or completing. The yellow count has minute wave [i] complete via a traditional leading diagonal and now a deeper retracement (than the green count 63.5k yellow target vs 65k green count target) is expected for minute wave [ii].

The alternative BTC count is that intermediate wave (2) still has more work to do to complete minor wave C and (2). The lower trend line or just below ~58.3k on this chart below should provide support for this near term bearish scenario.

The BTC fear and greed index is at severe fear levels that have traditionally either marked bottoms or near bottoms as positive divergence builds before price bottoms.

The updated expanding flat for minor wave 2 continues on course. Minor wave 2 as labeled previously was very shallow, but appeared correct as the SPX went on to make a new high. Given the geopolitical events, it seems more likely that the SPX has a bit more work to do to complete minor wave 2. I show my target area for this pullback on the chart below. This is applicable to both the bullish long term count immediately below and the slightly more bearish alternative below it.