The 158 points drop (1.42%) in Dow, 20 points drop (1.67%) in S&P and 50 pints drop (2.02%) in Nasdaq really caught me by surprise. I don't really expect that. Anyway, the unexpected can always happen in stock market.
With this latest development, it is possible that wave 2 of major wave (V) may not be over yet.
A more optimistic wave count is as shown above, where wave 2 has been completed and last Friday's drop can be the sub-wave ii as shown.
A less optimistic wave count is based on the possibility that the wave C of wave 2 has 5 sub-waves as shown above. Have to wait for a few days for the answer.
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