Today's break below 93.50 negates the competing bullish triangle count. The break is significant because it leaves us with a strong bearish count (series of 1st and 2nd waves) against 97.00. Support is not until the double bottom just above 87.00 (that level is expected to give way as well...as I've held for some time, the downtrend will not be complete until price drops below 80.00). The false (non-Elliott channel) should give way following a few days of consolidation. Former support at 93.50 is now resistance as is 94.00, which is a 61.8% retracement.
