Wave count Nasdaq

I believe the third leg of a Zig-zag is nearing completion.  Although the triangle final three didn’t play out in traditional fashion,  I don’t think it is safe to assume that the sideways period from 5/08 to 5/29 was a downward correcting triangle, although it could technically be labeled as such.  Instead of labeling the 5/08 to 5/29 period a-b-c-d-e, I am considering the possibility of labeling it x-a-b, with a small triangle b wave from 5/20 to 5/29.  The C wave should have completed yesterday.  This could be part of an ending diagonal, or a larger triangle final three, or just the end of the third three in the form of a Zig-zag.  I will post a count this evening.  The final three triangle scenario alluded to previously looked good, especially in the SPX, but failed to move to the downside of the coiling pattern that formed, and thus never confirmed a trade.  More later…

1:54 PM

*I’ll try to post that count tomorrow, can’t get to it today…