Have had top re-label the count as it seems the wave 2 strength was weaker than expected after i changed my count. Shouldve stayed on my original count of only 38.2 retrace. This is why im not going long in P3, making a mistake, might as well stay with the trend and hold.
So wave 2, expanded flat up and the drop today can only be counted imho as a downward 3. Whether we have a extension or not im not sure so ive not labelled. From midnight yesterday i see 5 waves down which might have completed 3 of 3 of 1 of P3. So am looking to add shorts around the 38.2 retrace around 5170, also the 5180 area was big support, now turns into resistance, but will monitor this as i have a day off from work (yes!) :-)
Dax equivalent price is 5581, S&P 1078 and Dow 10117.
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