However, there are now 3 clear waves up from the 65 low. Weekly resistance was hit at 95.
From here I anticipate 5 waves down to ensue. It might end in the 40-50 area. In any case, this final 5 wave structure should end the 2013 market.
If, after a pullback from the current level of 95, a new high is made on the (closing basis) I will need to reassess my count., Until that time I expect lower prices
You can see the rest of my wave count for the bear market (pre-wave 1 above) in my previously published chart.