The final pattern continues to change in such a way as to allow this alternate wave pattern, if the November 18 high is exceeded. Allowing for that event, Minute Wave [v] may go to 1804.50 or slightly higher.

As it stands, it could be counted either as a possible wave 2 or [v] of C.

VIX extended its decline to an 81% retracement. It appears capable of turning at any time. Need I say more?

TNX is in a throw-back that is more common in Head & Shoulders formations than most would imagine (52%). The formation is triggered and once the influence of the trendline is diminished, TNX will resume its race to the top.

Regards,

Tony

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