It appears that subwaves of subminuette wave v began yesterday. These subwaves are micro waves [1] and [2] and submicro waves (1) and (2). It appears that subminuette wave v is subdividing as anticipated.
The next wave down should be submicro wave (3) of micro wave [3] of subminuette wave v of minuette wave (v). These subdivisions should allow minuette wave (v) to extend and carry prices near our preferred target of $2880.
A rally above $3810 would invalidate the micro/submicro wave count and may mean that subminuette wave iv is developing additional complexity. A rally above $3848 would invalidate the subminuette count.
If you have any thoughts or questions about this wave count or elliott wave in general, please post them in the comments.
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I am not a financial advisor. Be sure to do your own research.