Offsides

Today was just crazy. Bulls and bears lining up at the line of scrimmage yesterday (tight range, volatile but directionless) and instead of a play getting developed and finding direction, we get a massive gap down. Probably flags being thrown on this play at the NYSE :)

Anyways, a common theme of my recent analysis is that the move down from the 18th is not an impulse (not even remotely) and that the ensuing corrective wave down is potentially 'a' top of some sort, not 'the' top.

This is what I see so far: