Thread by @ZacMannes

Getting past the 4029 $ES level increases the probability that this is further along inside the iii off 3980 and more than just a micro 1.

Here is a 🧵on how we use @AviGilburt 's #FibonacciPinBall method at the micro level for clues to the larger pattern.

In any given third wave of any degree we know that the sub-wave one will target the .382, .500 or sometimes the .618.

As mentioned last night the 4017 level could have just been (3) of micro 1.

The little high consolidation was a (4) and this is now the (5) of micro 1 to the furthest .618 Fib inside the iii.

But when we got a micro 1 to the .618 it means based on #FibPinBall that the 3 of iii heads to the 123.6%, and then the micro 5 of iii targets the 161.8%.

And also further pushing the fifth of the pattern toward the 200%.

That extension inside the "(c)" puts it very close to a 100% retrace of the "circle a" down from Feb...

Reducing the probability that it is part of the start to the larger (C) down.

So that means that before we have even broken over the 4042 level in $SPX that was the current possible top to the circle b we have an early indication that now only might that fail to hold as resistance but that the (B) may not be complete.

It is not yet full confirmation of the alt purple C of (B) on $SPX $ES, and despite how deep the drop into March was in the S&P other charts held as iv of C of (B) and this can be just completing the vth of C of (B) to a nominal higher high. ala $SMH or $XLK

Or like on $NQ & $QQEW that was really too deep to still consider a iv-v of C, but rather than an alt B of (B) the "C" of (B) could be a "Y" wave that is an abc move rather than 5up.

Basically odds are increasing that we are heading into (B)-wave #OverTime and in this case there is not a specific allotment of time.

The #Bulls have the ⛹️‍♂️as long as $ES is > 3980s.
But OT might end with the first to score.

Meaning that the #Bulls may not get to fill out a whole purple C-wave... getting to 4180s might be enough to complete a nominal higher high for (B) even though that does not seem like it should be reliably complete.

Or that if the Bulls turnover the ball here (break under 3980 now) and the #Bears are able to score (under 3933 ES) then the "game" (i.e. (B) wave) is likely over.
🏀

4017.50-4003.25 is the ideal Fib zone from here for a micro 2.

Over 4041 and it heads to 4078 as a possible c of purple (a) of circle iii or just further into a normal iii of (c) but without a clear micro 1-2.