Wave 3 Count for Stocks Now is Best Count - A Top by End of Year?

The wave 3 count mentioned in the last post was given as a more probable count if stocks continued higher into mid January. That happened along with a decline that was also forecast into the end of January. There still could be a retest of that recent January 31st low by late this month. 

The wave count and cyclical/technical indicators show that the rising market could continue until late 2020 or early 2021 as waves 3, 4 and 5 complete.

The wave X count is still a smaller possibility. If so it would portend a decline from near current levels that could last a few months perhaps into mid-year. A third possibility is that the entire move up from the late 2018 low is a large wave 1. With that count I would be looking for the wave 1 to end within the next several weeks by late March followed by smaller waves 2, 3, 4 and 5.