As you've probably noticed, I use the MACD indicator extensively to assist in the development of wave counts. After using it for so long, I've become accustomed to the way it reacts within various Elliott Wave interpretations. The above count shows that the lowest point of the MACD corresponds to the purple (micro) wave 3 extreme, and the second lowest MACD point is adjacent to the aqua (submicro) wave 3 of wave 5 purple. We'll know if this labeling is correct by the time New York opens Monday morning . .
