Assuming (ordinarily makes an ASS out of me) that we have just about completed wave 2 of 5, we will shortly be entering wave 3 which as you know, is ordinarily the loooooong one. If you do the numbers, the top of wave 3 should be in the high $8 range.
Two successive closes above $3.50 should ignite wave 3.
As long as I have already done this much sawing on the limb that I am sitting on, I might as well remove all doubt as to whether I am a complete fool as opposed to remaining silent.
It is my considered conclusion that upon completion of these initial 5 waves, that we will have completed wave 1 of the supercycle.
There, glad I provided you with that morsel of entertaining foolishness. Now you can go back to a more serious discussion of likely events.