Pre Market
***Just a quick update to the potential leading diagonal that was mentioned the other day off the 12/14 high. This I believe is not a valid pattern since wave 3 of the so called LD is longer than wave 1. In the contracting variety, wave 3 is always shorter than wave 1, per EWP rules. ***
It appears futures may be right where the cash index is sitting.
Is 1250-1260 in the cards today? We shall see...
Or is this alternate playing out?