So that means technically we could still be in a 1-2 down.
...... yeah
"If you eliminate the impossible whatever remains, however improbable, must be the truth."
So lets take a look and see if this is a technically viable five(Wave 1)-three(Wave 2) move.
... LOL! This is probably the ugliest count I have ever drawn up.
I am not saying this is right. I am not even saying this is probable. What I am saying is that this is possible
There is one more factor that might support this count. The current wave up could be seen as a trendline back test.
But besides being possible, I see little else going for the bearish count.
I personally will stay short until a higher high is made, but that's just me. But I do concede that the bearish count is no longer the likeliest count.
So here is my leading alternative. I talked about this in my last few posts.
What is interesting is that both of these counts will forecast a pullback either later today or tomorrow and last probably 2-3 days (either was part of a Wave 3 / bearish or a Wave 2 pullback / bullish).
... So at least that is something ..... stupid market (grumble, grumble) :)
