Long term it is proposed that we have a cycle-sized upward flat.
Here is a closer look of last year +:
This is a current favorite count of the thrust out of the triangle:
Again today was a day that reinforced the notion of an ending diagonal. We have these small buying and selling spurts. The selling spurts are starting to consist of impulsive-looking 5 wave moves to the downside. The continuing push to the upside with no appreciable losses for over 2 months now has reached an acute stage.
An ending diagonal pattern implies a swift price collapse that is likely to wipe out all the gains made over the last 2 weeks and then some in a very short amount of time.
The pattern appears to require one more push to the upper wedgeline and possible overthrow.