This 4 hr chart is admittedly hard to decipher...but as long as the double top holds (3202.50); which was an exact 1.618 of red (a), I'm calling this the start of C down. Support for Green (a) is...are you ready? The .414 fib of red (a) at 3103...then I'll be looking for a .618 r/t (up) for (b) (not shown)....and not adjusted for time of course... The Wave Counts work...the proper fib levels have been hit...now all the Market has to do is play nice :)