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Good Monday Morning, MPTraders! June 8, 2026-- Pre-Market Update: -- The weekend breach of the Israel-Iran ceasefire by both parties puts geopolitics back on the front burner this AM. That said, the financial markets did not react violently (down in Equities or acutely up in Crude Oil), which suggests that for the time being, neither Israel nor Iran has decided to resume all-out war.
Verizon has not had an easy stretch.The stock trades near $45, and years of sluggish growth, intense promotional competition, and a substantial debt burden have kept investor enthusiasm measured. None of those concerns will surprise anyone who follows the name.But underneath the familiar complaints, something less familiar is taking shape. The ground beneath the telecom model is shifting — and the challenge is not coming from another tower operator.It is coming from orbit.On its face, the comparison sounds absurd. Satellites against cell towers.
Analyzing the market is a process. And, I want to take you through my process today as to how I determine primary versus alternative wave counts in our current situation.With the market striking the bottom of our target/resistance box, and then turning down, the primary question we have is whether we have begun the (c) wave down, or if the market is providing us with a deep (a) wave, and a (b) wave is yet to be seen? And, with the market bottoming thus far in between the .382 and .
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