Flat or Impulse Down?

The market action over the past few days has not prompted a change in the long-term options.  Since 2011, there is likely an impulse higher unfolding with a final 5-wave sequence underway since (A) or a complete impulse as market above in color.  This is the conclusion that a previous update here came to.  Other options exist in the structure since 2011 that do not utilize the 2013 wave [iii] core or have more of a stretching to the upside, but are weak.

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