...well, the bearish potential was crushed with an opening gap that never got filled. Price has once again regained the bullish channel, and we have so far what looks like a solid bullish structure. I've left out the bear counts for now, as I think it is best to focus on the current price action and key levels before committing to any particular EW count.
Based on the bullish structure, we should see a continued move up tomorrow possibly with another gap open. Key to the bullish case is to (1) stay above 1169 and (2) not stumble at the 786 retracement at 1176/1177 as that would be considered a failed 5th wave and would provide a strong reversal.
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