The contracting triangle has narrowed down to its final wave "e", which is itself a triangle. The "e" wave may be complete after two more small waves, down, then up, ranging between roughly 1973 and 1945. From somewhere in the middle of that range, a downward thrust should then begin, taking the index below 1900 and likely at least as far as 1840-1800 in a 5th wave.
Stop loss at 1995.4, as breach of this high would invalidate the bearish triangle count.
Stop loss at 1995.4, as breach of this high would invalidate the bearish triangle count.
