The bulls managed to break out higher today as suspected and ruled out the
red count I had labeled yesterday.
The wave structure off the 11/1 low is not quick impulsive looking yet and in fact looks like it may be forming an ED. What would change this is a quick move higher, which would then change the overlapping ED structure into a nested 1-2 i-ii up.
The bears no longer have the triangle, however, they still have the larger flat going for them that I have
hinted at since Monday 11/4.
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One other pattern I'm keeping an eye on is this triangle. The bears need to break it.
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