After today's action, the short term is a bit more confusing, but the waves on all scales suggest bearish action ahead. The count remains unchanged since yesterday's update.
There was a choppy set of waves today. After the gap higher and sell-off, a zigzag higher appears to have unfolded. This is apparent given the retracement of the pattern in the afternoon. The best alternate is a double zigzag lower this week followed by an upward 1st wave impulse and 2nd wave flat.
The longer term views are exactly the same. The October rally still resembles a corrective wave by a wide margin.
In the longer term, a test of the March 2009 low is expected.
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