It's still POSSIBLE my PRIMARY 1.00 FIB at $9,948.98 holds and we go sideways during this period of downward pressure instead of to my Secondary 0.786 or Secondary 0.618 FIB on the Re-Trace. If that were to occur, it would mean the period of downward pressure acted more as a TIME correction rather than a price correction. In any case, I'm still seeing a continuance of upward pressure in the higher time frames (6-Day, 9-Day & 12-Day) AFTER this brief period of downward pressure we see in the lower time frames (2-Day and 3-Day).
Seems like we're on the same page. Short term downward pressure, mid/long term upward pressure. I'd say there's a decent chance we test the 20-day MA (currently in the low $9,600s), possibly lower. I expect the market to hold above $9,075 to keep
this bullish EW count intact.