Currently believe this leg down (Since presidential election) has been corrective in nature. Way too ugly for a 5 wave move down. In the longer term this appears to be an "A" wave which should be followed by an other corrective move up. The "B" wave. In my analysis this "A" wave is still incomplete (More to the downside) In the short term analysis we still have to test the 1156.00 area before we continue downwards to make another new low. Right now everybody thinks we are in a triangle with more to the downside. In my opinion we will move up from the triangle and then make another Low.Looking for a test of the 1120.00 area and perhaps ending at 1108.00.