Buzz, thank you for your comment. I appreciate it. I find the QQQ easier to count than the Dow. The wave count looks clearer to me. It looks like we are in a wave (5) fractal of some denomination. That sounds slightly vague for a reason because with my counts I like to leave some room for ambiguity in case circumstances change.

A wave (5) fractal means that it looks like we could be in an ending wave or starting the phase transition to the upside. The Levels are most important and I will watch what happens in January to determine whether we will face a sharp and larger wave (4) correction, or a milder wave (ii) correction.

After going to about 120ish, I expect the QQQs to make some sort of corrective move to the 118 area, or to about 110, and possibly as low as the monthly trendline at around 100. Then we will see if it can continue to rally. I will also probably watch to see what the market makers do.