Let's start over, what else is there?
As I just mentioned to someone else I had the smallest of inkling that a further down leg might be coming, because the latest move up didn't really get going as I expected it to do, but no I didn't expect what we saw today. The question now is how fast and where it will recover to even today, because based on my chart, I'm thinking 5.9 to 6c might be possible, which would put SP back into the indicated pink channel. Overall it would also validate my current wave count, because wave (2) down did not enter into the territory of wave 1 up (please see orange support line at high of wave 1).
Here is my big picture chart showing the above interpretation ...
Let's start over, what else is there?As I just mentioned to...
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