notice the decline stopped where 5=(1~3)*.618. typical target for the end of an impulse wave
If it was ABC/1-5 we will know by the end of 3/C in a few days. Also 400 at 5 at this point will go above the yearly downward wedge, I guess proving this correct, or not. I assume that we are still in a downtrend and this correction matches the last one we had, even the drop was the same % down from the last ABC correction. Also its been about 5 days from bottom (half way to the top of A), last corrective ABC was ~10 days between bottom and wave A completion. Then down 20, and up 10. Well know soon enough if the pattern will repeat or not. I think you are one of very few who think we are full bullish now to break the 1 year + downward market.