I actually have the high yesterday as the orthodox high of an impulse which began Aug 26. You'll see (when you have the chance) that the move is a nice 5 waver on the OEX.
So I favour we are in the middle of some Jello which is correcting it, but I don't think we come out of it yet. I think we began a wiggle 'b' up flat at this morning's low. 'c' down would be on tap for tomorrow late. This is all wiggle talk, in the larger time frames we are on the same page
Everytime my TRIN chart is about to give a sell signal for the indices (a function of the 40 hour EMA), we get some selling which moves it away from the 'go' line and provides fuel for the next move up.
Its been a very methodical 'healthy' rally IMO.
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