[DJIA] near term count likely busted but is DJIA tipping its hand?

I checked the futures just now and they are up over 100 so I have to assume that the count from the backlink will be busted.  Odds do not certainties make.

During the last collapse in 2008 we saw a lot of head and shoulders tops put in.  Hmmm.  If this were to move back to the falling top resistance line in 3 wave, it would create a nice set of owl ears which might then trickle off slowly per below in order to create symmetry in this H+S formation.

I'll be using this for a working theory.

Failure to break out of that down sloping cyan line will be a serious UVXY buy signal.  Until that test is attempted and failed I would advise against buying UVXY.