Not much to add this morning as I sit and wait. I can say that the momentum indicators have still not confirmed the new low (below that of the August 3 closing low) .... but that doesn't mean much if we can't turn upwards.
For now I will also stick with my Elliott count; although if this current decline (from the August 8 high) is a "b" wave it shouldn't go much beyond 1380. I don't like to see Expanded Flat patterns where "b" is more than 161.8% of "a".
With the way the futures are this morning I am looking at 1362-1367 and 1350-1353 as areas of possible support.
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