Adding another possibility. The longer we hold up here, the better. Buyers and sellers are "working it out." However, low volume over the holiday could skew this action which and thus it's interpretation. Should the bottom not fall out for one of the three previous potentials I'm watching - AB=CD comes into focus. I know many believe the low around the 16th was wave 4, but that cannot be confirmed )nor can the AB=CD) until the high of 3 is taken out.