Without getting into the nuances of E-wave, let's just consider the last 3 major pullbacks SPY has experienced since the 2016 lows.
Those amount of points projected from highs range from 2324 to 2374, or a 3.2-5.3% pullback. This is very doable and normal given the run up over the last year or so.
That said, if VIX falls back under its 2HP / Q3P combo and major indexes reclaim levels tomorrow, I'll have to be buying in.
