No Cigar

The Bearish Count (if indeed this is a decent correction in progress, which as I have said the last several days we have no proof of yet) is mutating into something more complicated. The C wave setup has been obliterated this morning. Tradeable wave down? Close... but no cigar.

Again, I have repeatedly said to ignore the impulse down count from the top. Today is confirming that warning. My stance for the last few weeks is that if the 18th marked a top, it is just 'a' top, not 'the' top, and any pullback will ultimately be a corrective wave. I continue to stand by that observation.