And now is - in my waver eyes - in a make or break situation. If it goes below 300, the chances are good, that it will never come back, maybe a long time to say goodbye, but a goodbye forever. If it gets back on track and does a new high over 500, then "kicked the can down the road" and the party can go on at least for two or (a lot) more years.
So for me exciting days with ahead, from a elliottwave technical standpoint. As I do not follow the news. Happy Hunting. :)