The pattern shown, with a 49,360 downside target that looks very likely to be reached, is gnarly enough that we won’t be competing with the world if we use it to trade. That would imply bottom-fishing at 49,360 with a tight stop-loss or a frugal ‘camo’ set-up; or, getting short on rally to x=57,377.  Other trades going in either direction are possible if you zoom in on the last dozen or so bars, which manifest not one, but two tidy impulse legs. The 89,780 bull-market target is unchanged although of little concern at the moment. ______ UPDATE (Dec 5, 11:02 a.m.): Bertie is getting thwomped Sunday morning after opening on a gap down to a so-far low of 48,000. The pattern shown in the chart has room for one more target at 46,945, so let’s see  how it goes. An easy breach of that number would not be an encouraging sign.