Update 5:05PM: NYAD daily count:
We are a squiggle away from completing a 5 wave sequence from the 1202 SPX low.
In fact the last wave would count as a tiny expanding ED pattern if there is an up open tomorrow.
After Friday's head fake down (hey I called it correctly in Friday's update), the real deal could occur tomorrow. When at major bottoms, the market shows signs that it wants to rally. In my opinion, the opposite is happening now. This market wants to sell off.
The equity-only put/call data CPCE finished the day at .