Still liking this as the primary now. I'm thinking wave w may be near complete or is complete and an x wave bounce back to the 5 SMA(at 1312) before heading back down to complete wave [c]. I will leave room for the possibility that wave [c] is complete though too. 1312 is also the 38% retracement of this drop from the 4/8 high.
7:19 AM Update
Really starting to like this as the primary option.
Pre Market
Based on futures action, it would be safe to say that wave x of Minor 4 is done and y is underway.
