Until the bulls can break 1422, the bear count is still a threat. Now that the month and quarter is over, we shall see what happens next week.
If 1363.46 is taken out next week, the alternate count turns into a larger complex wxy corrective for wave (2).
Wave (y) could very well be in progress or wave b of (x) just completed today, with wave c down to come starting next week.
|Daily Bollinger Bands|
|Weekly Cup and Handle|
|Long Term Corrective Option|