So I assume that we have begun the next DOWN MOVE which will take us below the previous PIVOT low of 5497.
The WOLFE WAVE target is shown by the RED line . Green dashed lines represent NEW new CHANNEL
5-min chart below. The GAP which I thought was 5601 was actually at 5616. Thats the same RED Wolfe wave line. Target atleast 5500.
3rd chart. Though I like 50% retracement target 5468 . Though the last low 5490 might provide considerable support . With QE3 definetely NOT NOW, we might have a chance at 5415.Lets see how hard it FALLs tomorrow.
Have FUN Shorting.