Bulls did win the battle today and moved close to invalidate the bear nest and potentially make the WXYXZ pattern as complete. I am still suspect as the last wave down (off the 4653ish high) even though it is a 3 waver (Friday's low broke the 1st of Dec low), wave 3/C is too short. Normally the 3rd wave is the strongest even if it's a C wave, so having the C shorter than A would be rare, though technically still possible.
Tomorrow we are likely to have a resolution. If bulls can push higher and overlap the 4653 high, then it's very likely the dip is done and we go back to ATHs. If tomorrow is red... well, bulls should be careful as long as 4653 is not overlapped.
On the bear side - they wanna reject here obviously and push below 4570-4575. If they can do that, it would be a warning they are trying to step back in. Below 4535 and we are probably on our way to sub 4500 again.
Tomorrow we are likely to have a resolution. If bulls can push higher and overlap the 4653 high, then it's very likely the dip is done and we go back to ATHs. If tomorrow is red... well, bulls should be careful as long as 4653 is not overlapped.
On the bear side - they wanna reject here obviously and push below 4570-4575. If they can do that, it would be a warning they are trying to step back in. Below 4535 and we are probably on our way to sub 4500 again.
