The move down today was pretty convicing, and it can be counted as an impulse. However, the move after hours is a little too bullish for my liking. Perhaps a sharp wave ii could be in play.
I have the down move today labeled as wave i. Which means wave ii is now upon us. We could have a deep retrace.
Yet, I am cautious and fearful at the same time. Wave ii could retrace back to 1180, but anything higher will take out the bearish counts.
Here is the count on the 1 minute. It doesn't look like a perfect impulse, but it does work.
1180 could be tested tomorrow right off the open, the futures seem to have gotten a boost from GOOG.
Let's see what happens tomorrow. It should be an interesting OpEx.
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