Update

There’s a decent chance the market could turn either way here. Either we’ve just made an ‘A’ of an ABC down from 1332 down to the lows of today, or we’ve completed the correction and we now have one more impulse to complete to the upside, most likely completing by no later than Friday. You may want to prepare for a few ‘sweaty moments’ as the market may climb up to 1350-1360 in the process if this turns out to be the valid count. Otherwise, we’ll look for a new low between now and then, confirming that our original forecast of the high terminating at 1332 for the cycle was correct.