EOD: Bounce at 3810 zone is a valid measured extension down and most likely sets up a new leg upwards. Wave 'd4' may still need to consolidate before the leg up begins in earnest. Meanwhile breadth is seeing attrition as expected prior to a top of some size.
Update: 1:01pm EST: 3829 zone is the approximate center line of the expanding diagonal down and may provide short term resistance at that location. These look like preliminary moves to set it up for the short-ish term top to arrive later on. Keeping an eye on VXX at target 13.64 zone to most likely flag the top in question.
Minor top still in play. Watch VXX price to hit 13.64 zone for next clue. Could go any direction short term at this point. Lower chart is still valid.
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Update 11:11am EST: 3-up and smaller 3 down so far. Yellow 'i' up at 3865 zone could be challenged potentially setting up an inverse right shoulder to drive the market higher for the run in to targets.
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