There is no change to the long term count since the last update; the primary count is an impulse wave c underway. An excellent alternate count is a (probably) complete ending diagonal wave c.
There was a nice bounce off the low last week, but prices broke down again to nearly reach another low within this downward wave since the last recovery high. Because of this action, a complete ending diagonal is a fairly strong option. To preserve the impulsive wave c count the market must find support soon and rally in a decisive manner. If last week's support is broken, this zone should soon be re-entered if a bullish market is to be maintained.
In the short term, a zigzag higher looks fairly clear and this is a corrective wave. The trend looks down in the short term.
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