We are done with the extended wave 5 and we should be moving down now to the .618 fib retracement level around $51.
Trade active:
We are still on wave 3 of this correction down. I believe wave 3 will drop down to around $59.3 then we will have a wave 4 back up into the $62's and then finish the 5th and final wave down into the $55 - $56.