Starting to look like the S&P 500 high from earlier this week may be the wave (iii) that I had been hunting for. We still have the NFP the end of this week and the December FOMC meeting a week from today. My primary hypothesis is that they don't run too far in either direction before those two dates. In other markets, gold was interesting yesterday in that if finally broke under the multi week ledge.

You must be logged in as a Daily Analysis or Intraday Analysis subscriber to view the rest of this post.