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Possible higher low, the low might be in for today.
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Open AI supposed to have a presser at 1 eastern. Rumor was they will announce their own browser. However the air pocket was a few minutes before the press release.
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Support failed around the timer of the Atlas web browser announcement by OpenAI. Looks like it is working again. Obvious goal for the bears is to break it, then test successfully from below. Bulls need to get above this two day range.
Elliott wave count is all messed up. At this time the standard is to go up one degree and reset. So that makes the big drop a minor 4 and the zig zag up move the early parts of minor 5. So the theory is new all time highs straight ahead. Reality depends on earnings announcements. Microsoft putting out the word earlier through the back door that they aren't making money on AI and now OpenAI going after one of the few major users of AI and Data Centers sort of looks like earnings outlooks could be difficult in the one area that actually counts, Capital outlays for AI infrastructure.