Sort of a choppy day today. Seems like consolodation for more upside to come. The Nasdaq ovbiously led the way up today being carried by Apple. The SPX lagged behind due to some weakness in the financials.
As crazy as it sounds, there could still be a potential bearish count in play. We could have a leading diagonal coming down from our highs yesterday.
If this plays out, we need to open lower tomorrow and take out today's lows around 1198. We may bounce after for a wave ii, but the bounce needs to be corrective and not impulsive.
However, the bullish count on the Nasdaq still makes more sense.
We could have had a sideways b wave, and if this plays out, we should get another strong move up tomorrow in a c wave to new highs.
Apple could have one more push higher coming soon.
As you can see, the recent up move seems to have completed 4 minuette waves. We may start wave (v) of [v] of 5 tomorrow if wave (iv) has ended. If not, we may consolodate sideways a little more before going higher. The target is around 265.
Even on the daily chart, we can see the extending Minor wave 5.
Google also opened around the pivot of 560 today, we slightly peeked above it, but sold off right away.
545 may be the next target.
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