It seems like we are finally finished with {iii}. We got a major dark cloud cover today at the end of an extended run. It counts quite well as the completion of {iii}. This is setting up almost perfectly to make a near double top as C of (2) of P3.

Also note that XLF really signaled SELL! SELL! SELL! today.To complete this confirmation, we will need a lower low on the daily tomorrow and a close below the 5 day ma. The 34, 50, and 65 all look to be flattening, but the bulls can still save it so we have to be careful. Anyways, I’m still sitting here not trading. I wish I had captured more of the last leg up, as I just got a few % way back. Oh well. Plan is still to wait for (2) to end and start shorting. We do seem like we have some downside coming here, but, after the last run it’s likely {iv}. Since {iv} is corrective, it could be choppy sideways. Best bet is still to wait until the end of the next 2 waves. Patients is a virtue.