crazy thinking, but i am pretty sure nobody saw us going to 140 while we were around $25, so i'll throw this out there just to be contrarian. what if this is all corrective and is just a massive ABC structure? So far it's 1:1 with a .382 B wave correction.
unfortunately everyone had the same buy zone at 3280ish so of course we blasted out of there..looking at 4430 to complete our overall 4 wave before we head down to hell
3280 and 3140 = lots of confluence for a possible bounce up
possible 2 wave forming, last 5th wave down on the macro
here's what i am looking for right now - i am bias because I have orders set at 3450 and want that extra 30-40% going into our actual bottom. Also, according to the 2014 crash we retraced around the 618 and 786 before jumping up so I am going off that too.
IF we don't pop up for a final C wave then the targets are the green boxes..if we continue down past the local bottom then ABC has already finalized and we'll start counting 5 waves down for the final push down.