The Week Ahead 2021-08-15

I can't help but wonder if the equity indices put in the wave iii high last week

Bonds

The good news is ZB fell last week. The bad news it that the depth so far is not enough to take a new high in iv of the table. As a reminder, the hypothesis I’m working with here is that bonds are falling in a leading diagonal and thus overlap is not a problem. A possible alternate count would treat the March low as [B] wave and up in [C] of ii. No…