Wave 1 of wave 5 looks to have completed and the high we saw of 488 on 6/16 appears to be a b wave of an expanded flat for possible wave 2 of wave 5 which could target as low as 438-443. we are in the vicinity of the .618at 450 and the .786 comes in at 443 n change. this move down from 6/16 looks impulsive and this would be in line with the 3-3-5 wave structure of a expanded flat. I will be watching to see if 448.9 holds
watching this market for now to see how we play out.
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