Since last update the index didn’t take the low at 6104. What it did has been a 50% Fib retrenchment at 6234 high. In reaching this high in about two weeks, it created a sort of bearish flag that was broken down on Monday. The low yesterday at 6118 was about at the base of the flag, so no confirmation yet. Today has been an up day and if tomorrow is up it shouldn’t close above the 25% line at 2170 if the index is to stay bearish.