UPDATE:
I haven't mentioned much political stuff lately because its all so exhausting. Again, simply put, I am for the candidate(s) who whole-heartedly support the Bill of Rights for all Americans not merely half.
Regardless, we thought the "Age of Trump" would have been over on Inauguration day, the 21st of January. And indeed the DJIA "topped" on the first minute on the following morning until recently. But this "impeachment" is currently delaying the end of the Trump era. The projected wave count to a major all-time market peak may in fact be aligning with the impeachment proceedings.
Even in this (B) wave fake peak social mood projects Trump will not suffer any consequences. Afterall, already 44 Senators voted against the proceedings as even being constitutional (its not). But it is curious that a "market top" may align itself with the final act in the Age of Trump.
And the Democrats demanded they take Trump's mouthpiece away at the very wrong time! LOL! Very short-sighted....he can't even put his foot in his mouth to piss of more fake Republicans.
UPDATE:
Sometimes I think it simply comes down to closing the VIX open chart gap that was produced way back in February 2020. The computers may just be trading in such a manner as to produce that outcome. The fact that market prices are WAY above February 2020 and the VIX is not sub-20 tells you all you need to know about how this market may be working on borrowed time.
But it's like a dog chasing a car down the street. Dog's of course lose the chase. But what if the dog actually caught up?? It probably wouldn't know what to do!
The best chance for the VIX gap to finally close - even if its only momentarily - is on this final small wave (v) of [v].
ORIGINAL POST
At today's intraday high of Wilshire 42,096, we are a mere 350 or so points, or very much less than 1% from our Fibonacci cluster range of 42,441 - 42,475.
Best interpretation is that today's swift low was the price low of wave (iv) of [v]. This implies that wave (v) of [v] is underway.
But we are close enough to start putting "alt's" at each new peak including today.