Tuesday’s trade was akin to riding the “Cyclone” rollercoaster 10 times nonstop. As a day trader it provided ample opportunities to capitalize on in both directions. While waiting for FED oracle to step to the mic and explain more clearly what he really meant last Wednesday. In any case the markets did react and began to decline. Once Powell was done and very high-level support became heavily covered support the markets began to race higher yet again. This has brought about another reflective moment with the count and an adjustment to the count. This time I’ve moved minute wave 3 to last week’s highs with the decline into this morning’s lows being minute wave 4. Thus, we are still in a minute 5 wave up to complete a Minor C wave and in turn an Intermediate B wave. I also update the Fibonacci extensions for wave 5 against the existing extensions for the Minor wave C.