What does seem to be probable is that after hitting new lows last week, the move upward seems to be in corrective form... which means eventual new lows once the correction is finished. We will have to wait and see more price action for specificity on the short term count.
Notice the rally stalling out right at fib 38% area. I think we will see more upside to this rally due to 3 waves on the short term charts.
