I would like to see some type of resolution here soon but as I have mentioned before along with the various options, this market is set for maximum frustration.
This one is just working on it's way down to a few different targets.
This scenario here still shows a potential falling wedge in play. The lower trendline of the wedge held along with horiztonal support for a potential descending triangle (pink).
If this pattern is in play, the market is headed for 1300.
Here's a bullish alternative to the potential descending triangle
And the other side of things.
Minor 5 ED Option
This option is still in play. I have added the do or die line for this count at 1294.70.
Minor 4 Flat
This scenario here still shows a potential falling wedge in play. The lower trendline of the wedge held along with horiztonal support for a potential descending triangle (pink).
If this pattern is in play, the market is headed for 1300.
Here's a bullish alternative to the potential descending triangle
And the other side of things.
The other one I call max frustration.