Price appears to have rejected from the Bulls intermediate wave (5) up, last week. It could be a wave 2, BUT look at the structure of the upward retrace! It is a 3 wave move! Not even a "leading Diagonal" (or whatever..). This action reconciles to the downside. The next move is unclear as far as, what will it be, but the magnitude seems all but certain...it will be a Minute ((i)) or a Minute ((v)). If a Minute ((v)), we should retrace in Minor 2 over the following 2 weeks...if Minute ((i)), we should get a Minute ((ii)) retrace over the following 4-5 days...then, GOOD NIGHT, CHARLIE. Either way, I will be closing or looking to straddle above 4238, to see, what is next?
