This is my best interpretation for now. I consider we've seen the top at nearly 26,600, completing wave 5-(v)-v advance from the year 2009 low. From 26,600 I can count 5 waves down to 23,350 -wave (i)-. The next few days market rebounded to 25,805 as a countertrend move - wave (ii)-. If we consider that the next impulse wave ( iii
) have started at 25,805, price should quickly drop to as much as 20,580 (1.618 times wave (i)), or at least 22,575 (in that case, wave ( iii
) would equal wave (i)). It should happen this week.