Haven’t shared any of his work in several years.
Now seems like a good time to do that.
We were in a long laborious upward corrective grind off the 2015 A wave lows.

https://imageshack.com/i/pnmBRwKCj

Instead of a nasty C wave down to sub $1000, he now expects a long sideways grind for what remains of Cycle IV.
Near term, we are likely now starting the most brutal part of this (C) leg of the longer 15 yr. correction.

Both he (unbeknownst to me as I was not notified of this 11 June update) and I thought we had one more upleg to this BMR (black 5 of black 2), but it was not to be.

I personally have no way to know if this more benign C wave count will be right, or if the zig zag comes to pass.
I suspect it went out the window with all the Fed balance sheet expansion last spring.
But now there’s even more leverage to unwind, so that cuts both ways.