Over the weekend I speculated that the NASDAQ peaked in an ending diagonal move. I think I was on the right track but I simply had it labeled way too early. Thats a typical probelm with wave counts sometimes particularly with ending diagonals or leading diagonals. There is still solid evidence that its an ending diagonal. Lots of overlapping waves in the move up of the last few days.
If there is one more new high tomorrow that would be the ending diagonal high. I can see a count where today is the ending diagonal high so the jury is out. So I am agnostic.
It would make sense I guess that a corrective down move would come on Wednesday and Thursday, first days of the new quarter and right before vacation holidays. But the market never makes "sense" does it?