But like I have been saying in the last several posts I have written, momentum and breadth have been waning for the bulls during this wave the last several days and it is time to start correcting.
And as I pointed out earlier today (That's Good Soup) despite the correction yesterday this move is still heading down.

Breadth - Stink-o-rama. Read the notes on the chart, they tell the whole story

Pattern Chart still intact. Broken support now resistance. Next support is the 38% retrace level (by my guess)

Current EW count. I think it is highly unlikely that this is still a Minuette 4. (IMO). Possible, of course, but unlikely.

Daily chart for good measure.
