Given the action today, the count shown in yesterday's update has not changed.
It is difficult to see a good bearish option in the short term. This view is due to the choppy decline Friday and today's sideways action above the 61.8% retracement level shown above. A move above today's high will be bullish development in the short term.
A move under Thursday's low will likely mean a correction that began in late February is still underway.
The outlook remains bullish in the longer term.
