I see this being wave 4 in a leading diagonal that should end in the 1180 area. At which time I'm looking for a cross back below 1165 on heavy volume heading to 1105 - 1080. Invalidates above 1180 on heavy volume. I define heavy volume as 2 - 3 x normal volume. Current position is Neutral, but I'm looking to get short on that 5th wave down.
Held at the .618 retrace from 22.15 - 24.03. Projects to 25.91 and then 30.83. Once breaks out of ending diagonal, then clear to top trend line 23.75 - 23.90.
