Labellings have been added above without changing the count shown in yesterday's update.
After today, the best count seems to be an impulse wave 1 of (3) lower with a flat correction following. This in and of itself is not a high probability however. If it is correct though, this is a very weak second wave bounce.
The view on a larger scale suggests lower prices will continue to develop with lower lows and lower highs. Since the last recovery high, or at least 3/3, it is difficult to label a complete wave at this time. The same can be said for the action since yesterday's swing high to today's low.
If the count is correct, there could be a major down day tomorrow. A completing sideways correction that began at yesterday's low is also an option, but in my opinion, not the best.
The larger view and count has not changed.
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