The changes havent significantly altered the longer term view... that we are at the end or very near the end of a correction in a larger degree bull trend. The correction has retraced over 80%. Daily hit an all time low today and has turned up. Daily and indicators have crossovers. Reversal price bar in place today with significant and forms the second touch of the lower bar of a parallel trend channel. All the pieces are in place for a trend change... now we watch and see what the market provides to see if we are aligned or if the market needs another dip or two to complete the pattern.
Note: Future price pattern is included to illustrate the direction and common pattern.
More importantly, from an Elliott wave perspective, the move up from the recent lows has an impulsive, 5 wave look so far. Very positive developments that lend evidence to the possibility that wave 2 has ended and wave 3 has begun.