Been Waiting All Day

As the title suggests, I have been waiting all day for the ES to prove this is wave iii of 3 in the purple count, yet it is just sitting there doing nothing.   

But, the simple fact is that as long as the pivot is now our support, the pressure has to be viewed to the upside.  Should we break down below the pivot in the coming days, then that opens the door quite wide for the green count to come back with a vengeance.   But, we will have to break down below the wave ii and 2 to make that potential much more likely.

So, for now, the market is postured in a manner in which it can continue higher in the purple count. And, until we actually break down below the pivot, that is how I have to view it.