Evening Addendum - Market Analysis for Mar 3rd, 2025

The market has officially invalidated the green count 1-2 set up as shown today.  When it began its rally off support in a seemingly corrective manner earlier today, I put out an alert warning that this pattern may break down.  And, now, I can officially view this as a bearish 1-2, (i)(ii) to the downside, presented in purple. 

Of course, I am still going to keep the green count as our alternative for now.  But, in order to prove that, we MUST see an impulsive rally over today's high to invalidate this bearish set up.

For now, I am viewing this pattern as pointing us lower.  But, I cannot say that I would consider shorting this aggressively, since there are still too many issues even with this downside set up.  And, if you want to short, I think the most reliable short would be on a wave (ii) bounce (if we get it), with a stop at today's high . . . or . . after a break down towards the 1.00 extension, a corrective bounce back to the pivot box would be another short opportunity.

But, again, there are too many issues with even the downside set up which would prevent me from shorting this structure right now, and I do not trust it either way.  

Rather, I would prefer to wait for a long opportunity if we get all 5 waves down in purple.