The primary count has a triangle long winded in the making. It is on everyone’s radar so that probably makes it suspect. But still, that’s the best count so we’ll go with it.
Be on the lookout if there is a big open gap down. Since the market has shown its triangle hand and flashed it for many days, often that does not pan out as a result. Another interesting squiggle option is that the market gaps down and then explode higher to a new recovery high. The main point is that there exists another support layer lower in price.
The most important thing to take account is that there exist enough waves in place already to consider the count “over”. Minor 2 over. It might look like this. Again, we have the key support layers.
In this case, the market can be considered to be “consolidating”, not for a move higher, but a mega move lower. Sooner or later we will know.
