Whoosh …. like that.
So what was THAT? A rough treasury auction.
The little triangle a week ago warned that one rally leg was nearing an end.
The 1/A 2/B 3/C indicate that we don’t know yet whether we complete an impulse with 4 and 5.
Or if that was it for the move up from late Oct as ABC corrective.
So far, my system expects 4 and 5 still. But IT support doesn’t look to hold here.
After that gets even more interesting.