Per the green option, the market is in a triple nested 1-2 up that should gap and go above the 5/22-6/19 trend line starting next week.
The blue option is somewhat similar, looking for a move higher but no higher than wave [X]. I don't really care for this so much and actually like the red option better as the 2nd alternative to the green option.
Red has wave b of a larger flat ending at the 5/22-6/19 trend line. Per this option, wave c of 2 starts early next week that either just back tests the 50 day SMA or all the way to the 20 day SMA.
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Just using some intersecting trend lines here and a lil bigger picture, the 5/22-6/19 trend line may pose a challenge for the bulls.
Note the red expanding diagonal. This also plays with the large [W]-[X]-[Y] potential. So if the bulls don't gap and go next week, some things are lining up.
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