Because of the aggressive retracement it fits better personalitywise as a wave (2). Wave (1) is "in" at 3340.42. Note the market dropped to sub wave ii level of an extended 5. That is the usual market behavior after an extended five
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.