The market has yet to resolve itself. Either an ending diagonal triangle is still in play or it’s not. Either the market finally breaks out into “upside surprise” or not. Either the top is in, or not. Below presents 2 variations on the ending diagonal triangle (assuming it hasn’t already finished for which there is a valid count). But I suspect the market is not yet done although plenty of signs of cracking.
2nd variation of the EDT:
And there is a valid series of “ones and twos”…which implies the market will continue holding up for at least another month or so. This count is very close to “upside surprise” in a “third of a third” wave. A break upwards and hold over the upper trendline will be the key to this count. I suspect this is probably what the market will do. The mania goes on. Even so, the entire sideways struggle since September could be strong hands selling into weak hands (retail). There is certainly evidence for that.
