Nov 18

My 60-min Trend System is still on a short signal. I think the move today is consolidation in preparation for another move down, and is not yet a tradeable bottom. That is what my system is telling me, and that is also what my gut is saying.

Here is my larger count in context. I am showing it because I am thinking about comparison below, a similar setup to the March wave down. If that were the case, then we might get a low early next week in preparation for the traditional (seasonally bullish) pre and post Thanksgiving day pop.