The wave count shows an impulsive rally that is incomplete. Wave ((4)) is most likely unfolding which means it's possible some boring price action may be ahead of us the rest of the week. I do expect a quick new high for wave ((5)) eventually, and that will be followed by a sharp decline. The VIX sell signal I mentioned above supports this. Depending on structure and magnitude of that decline, it will help confirm my long term bullish count, or if perhaps something much more bearish is unfolding since the Brexit vote.
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