5/21 1:45

The stock market is in wave (iv) which can correct in price or time.  Although it appears that a single ABC upward correction is complete from this morning's lows, the upward moves are not impulsive, but are themselves ABCs.  This allows for a final ABC rally to complete (iv).  As it stands now the move would not be enough in price or time to qualify as a completed correction of the entire wave (iii):