Interesting times.
The Gold Miners Index (J150) makes a new low for Intermediate wave (2) within the narrows of the falling wedge. The threat of activation of a trend reversal increases. This implies a related flight from other equities.
The Tencent sell off continues, now taking NPN back into the basing of Minor wave 4 which can go further down to nearby 3000 without changing the count.
The Top 40 has made an upside break out of its Minor wave 4 falling wedge, which it is now testing.
The Alsi Swix (JN43) has returned up to the underside of the lower channel boundary that it fell through and has met with resistance and fallen back again.
The ALSI (J203) is busy testing its tentative support as it hovers ever closer to big bear territory of Minor wave 1.
The S&P 500 bounce should soon confirm if it is the B-wave and thereby a dead cat, which is what it appears to be IMO.
The Swiss SMI has recently bounced down after the ATH which topped out the Primary wave [1] of Cycle III. Now it makes an upward retrace of that bounce down with all the gusto of a reluctant bear. So far it is an abc and appears to be running on empty.
beware of false flags