Crossing the previous potential 2 wave high turns this into a more complex elliot wave count which will clear up when we bottom, target window around 5400 to 5000 remains and we will clear up the count at that point. You can see we entered the .618 retrace from the B/X wave high. Volume has been a key indicator, if you notice increasing volume on all selling and decreasing volume indicating weakness on the rallies. Stay safe out there.
Comment:
Correction, I meant the potential wave 2 low not high on the Y wave, thereby turning that wave into a diagonal or complete Y wave with the potential 5(which in a diagonal should end in a 3 wave pattern) or Z wave to come
Comment:
Gap down today on the lower high signals a turn around, now we have to watch how the structure plays out to more specifically define our targets.
Comment:
Bullish alternate count would have us impulsive of the current low
