Below is the current snapshot (SDP, 240 minute). As modeled it peaked very near where I indicated it would and then took a dip back up into the high 40s, again pretty much per the model. The market is now trying to determine if that Jan-Mar rally was just another head fake upwards or if it was real. I think it was real but that does not stop SDP another dip down to 46-47 before exploding upward into a 3rd wave. The dip into early April might just have been the A wave, recent peak the B and perhaps C is still playing out. But it is also possible that wave 2 is already in and we should know which it is within days.
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