The following zoom in shows part of blue 1, all of blue 2 and part of blue 3 from above. It should be nearly done with A of 2. This again is a critical juncture for the model. We should only see an a-b-c rally to about the level of the prior 4th. Of course, a big reversal downward from here could also happen given that it is backtesting H+S neckline resistance from below and in that case I would have to tweak the count. Anything else would make me wonder.
Still, this is my primary model and if it is correct then Intel should be peaking into the end of July and then reversing down or even gapping down into the first week of August. If neckline support was going to be busted once and for all, red 3 is where we should expect it to occur.
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