We saw a fairly nice rejection over night for my more bearish count. However, it is always best to be prepared for the market to move in either direction. As far as a Bullish count goes, this is the only reasonable possibility that I could come up with. There's a few reasons now to like it, the primary being that there would have been essentially no correction between the previous impulse - if this is the case.
My bias leans pretty heavily on the Bearish side of things. Daily momentum is primed to get swatted back into Bearish Control as we approach critical reversal fib levels.
But this is still valid. Leading diagonal wave 1.
My bias leans pretty heavily on the Bearish side of things. Daily momentum is primed to get swatted back into Bearish Control as we approach critical reversal fib levels.
But this is still valid. Leading diagonal wave 1.
