The market is set to gap down huge and the two options I presented last night may be taken out right away or it will be very close. Those levels again are 1279.81 and 1273.
Based on yesterday's 3 min chart this will be a gap of recognition down for that count. I mentioned that yesterday's close put wave y at 1.618*w. A 2.618* extension would put y/c at 1281.
So keep an eye on that bear count as well.
GLTA.
