30 year yield count still working like a charm. A push down to C would indicate that equities might need to sell off some more.
CAC proposed ED pattern calls for a price collapse below from where (C) started. So far, so good.
DAX feeling the pain.
FTSE playing footsie.
GDOW has broken under key price and wave marker support.
Long term Nikkei. The last [C] wave is likely to break their backs.
Finally a decent break under the 2 year trendline of the A/D line.
If we are to stick with the P down count, today's sharp rebound and wave overlap with yesterday's price low seems to indicate more of a first subwave (ii) of [iii] rather than a wave four of some degree. That implies that today was not a "third of a third" event although it looked that way this morning. That interpretation implies an even larger sell-off wave down is coming soon. I shan't get too cute with squiggles and will give the market room to fulfill larger bear wave patterns.
However with that said, the market obviously needs at least one lower low under today's low soon for the bear count to remain in effect. But for the bears, it is still below broken support and it is still trending lower for the near term.