And so the daily chart remains bearish. If there is to be one last, brief pop to the upside it is now or never as it looks like the contracting triangle possibility is about played out. Keep in mind that any such fifth wave up would probably complete the TD Sequential countdown which has been stuck on bar #11 since August 2. Not only is time running out, but the short-term bullish technicals that existed at the beginning of the week (see August 13th posting) have evaporated. In sum the upside, at best, continues to look very limited.
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