7 Dec 2015 - Triangle-ish...

Although the pattern is not complete, we can look to the possibility of a triangulated pattern that would label the count a 4th or B wave.  A 4th wave scenario will have prices eventually breaking the early Nov. highs and increases the chance of another ATH.

Currently the ST is pointing down.  The signal has not changed from the impulsive move up last Friday due to the reversal today, but if prices in the intra-day stays positive tomorrow, chances are high that the ST will turn UP as well, while a negative daily outcome leaves the ST in bearish mode.

SEN: Bearish
ST: DOWN
PA: NA

Note: The distance of price from the the highs on the NYA, or RUT are disconcerting.  A failure to make an ATH in the main index is possible or with an ATH in place a divergence could be the signal to trigger a CIT.