If that's playing out, we probably had wave 2 of (C) down and are now in 3 of (C). Having said that, today's drop looks impulsive, so not like a wave 2 at all. So, perhaps we are still in the ii of (iii) of [iii] count, which would now look like this:
Remember, as per my post this morning (see here) we could go to 1105.67 without invalidating this count, so there is still room on this count for higher prices. And of course, we shouldn't ignore the even more bullish possibilities I laid out in this morning's post.
