Saturday, 2/11/17 update

Of the two possibilities for the ES proposed in last weekend's update the 2nd alternate appears to be the one in play, and that is that Minute W5 is extending.  The current count has the ES at the top of the peak acceleration in Minute W5.  If accurate, there needs to be a series of 4th & 5th wave sequences before Minute W5 concludes:

Longer term view:

NOTE: dotted lines show potential EW structures and are not necessarily accurate price/time forecast