Tonight I made the changes to the EW labeling reflecting the Minor ‘a’ wave still in progress and the count reflecting a “nesting” 1,2,1,2 formation. I discuss the implications and what to expect moving forward. Wednesday’s trade remained somewhat inside the box that has formed within trade from the low on December 20th and the high on December 26th. My thoughts are that the market will break out of the box to the downside as Minor ‘a’ continues. Thursday, the U.S. markets will be closed in observation of President Carter’s funeral. Globex will be open on Wednesday evening through Thursday morning and then again on Thursday evening. Friday pre-market – @8:30 AM EDT – U.S. Employment data.