The move started at about 1392 this morning and then spent most of the early part of the day in a choppy B wave. At around the time the C wave was to start, I shot out the following chart
I have been feeling poetic since the morning so I composed a small poem in anticipation of the C wave to the upside
Cometh the happy hour
Hail the HFT power
Stops popped, the sheep rollover
Wolves rule, game over.
The day ended with the wave C to the upside in its full glory. Love short squeezes.
So, here we are. Is the wave C finished? I was really looking forward to 1404+ as would complete what I see as an Ending Diagonal allowing the markets to come down from the skies. Nothing, other than EWT to say that there is a possibility for the market to come down. It could happen that this last wave extends but for some reason, I am not feeling bullish.
BTW, that means nothing, as I try and trade the tape rather than feelings.