![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5Wc2l3y7l91HhBo8duKPw-VzRzSEjwtoqwOjrdfQVciky2b54ZHrXVxaqUdwBmHLCo_7FcD_1XaPqPsB14cdGDCw8jmQPwk3NY4a3LhDOdkjMZ_zJOqxj0zOnl8do2jrpxDY62zH5UEoy/s320/count1117.png)
Markets turned today but it seems to me like there is still a "c" leg up to test the bearish trendline from the descending triangle. Given the fact that the GM IPO is tomorrow and euro bounce, I think it favors a leg up to the 1190-1195 area. I remain long overnight and will sell and short if I am right on this "c" leg.
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