There is a short term 0.786 support of the overall 1-5 cycle at around 276.6 level - I am expecting this to break given the confluences ( pattern and divergence) and the target I am looking for as the A leg correction is the 0.618 level - just above 270.1. This is the upper level of a between 267.3 - 270.1 (267.3 is the 0.382 of the previous mid-term swing and 0.786 fib of the mega long-term swing starting from 142 in 2008).
These are my personal views. Please trade carefully and with capital you can afford to lose! Comments are very welcomed!