Though the bear count is not out yet, the triangle I have presented continues to build its case.
The market also bounced right at the dotted lines I was watching this past Weds. Yesterday, I highlighted a potential falling wedge that would represent a wave c of C of the triangle.
So far today, the market bounced at the dotted lines forming a potential double bottom and blasted out of the falling wedge.
Again, both bulls and bears have legitimate counts. Its best to remain nimble and trade within this range.