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| Complex Corrective |
I still feel this is the best wave structure playing out. The pattern itself is a rising wedge and the mkt appeared to reach the top of the TL on Friday.
Note the blue zigzag that I highlighted. This is why I think this best fits a complex corrective. That in no way looks like a wave 1 impulse.
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| Intermediate B |
This is the longer term bearish count I've been tracking. If the complex corrective above is truly playing out, bulls need to be ready here.
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| Mc Clellan Oscillator |
The McClellan is also hinting at the completion of the wave structure with the triple -ve divergence.
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| Weekly Bollinger Band |
The bulls need to step in here to break out of the bearish rising wedge. A weekly MACD bull cross could very well be favoring the bulls. We'll see.
