We are still within the latest uptrend channel
, but I'm thinking we are heavily biased to still go down further. 50-50? 60-40? Hmmm. It's possible my correction triangle wave counts are off and this morning's drop is part of the (d) wave, and we are currently in the last (e) wave of the triangle. Then it's anybody's guess as to which way the breakout could happen. There are a lot of mixed signals going on, so we really need to wait for signs of a breakout and set your stops on either side of this channel.
Have a Great Day