Here we go again as the markets are pushing to new highs. Of course, this destroys my old "B" wave, wave count back in early April. We are about 20 points away from hitting a new record high with the Mini SP500 which may get us closer to a Cycle degree wave three
Once new record highs have been achieved, then we need to do a detailed review effort to see if a 5th wave in intermediate degree still fits. Many are now chasing a wave 2 top in Intermediate degree, which is impossible with the amount of overlapping waves we have had. SC and GSC degree wave counters have fed us a line of BS for over 15 years, yet not a single required wave pattern has been confirmed. Do you know what this one single wave count is that the SC and GSC degree wave counters must get "before" solar cycle #25 shows its face in 2020-2021? It's 5 waves down in Primary Degree!
My wave count of a diagonal 5th wave is still alive as 5th waves rarely produce perfectly clean impulse waves. A 4th wave crash is a technical breakdown of fundamentals and only good stock pickers or index buyers make any money traveling up the 5th wave.