Bounce, Happy Memorial Day and Thank You

First, I would like to wish everybody a Happy Memorial Day and to say Thank You to all of our Veterans and Armed Service Members.

Next....

Bounce. Looks like a bounce down off the 200 day MA. Oh, then I guess I mean drop.



Today's action was confusing but I am going with a LD with a 78.6% retrace. No good. Blankfiend makes an excellent point regarding the diagonal.

In the larger count I am still sticking with the LD. We did not break higher today and hit the 50% retrace. Trendlines are still converging. Also, the second peak today at 78.6% bounced off the trendline. Bounce? again, I mean drop.