Leading Diagonal count still looks good. Market did not make a new low so a new low in a c-wave is required. The alternate count is very bearish. It has the market setting up for a 3rd of a 3rd wave lower. In case this count plays out, I want to build a 30% position short the SPY (ETFs or Jun/July Puts). I’ll accumulate as the market retraces into the target box. If the primary count plays out, I’ll look to sell somewhere near the middle of Minuette (c) down. If the Alternate count plays out, I’ll add aggressively on the way down up to a 100% position.
