[Update 6:09PM: Bond count. Still working lower.
Today's price action perfectly reinforces the primary count of a leading diagonal Minor 1. Minute [iv]'s target range is 1303.98 - 1316. Today's retrace down would be the second "b" wave in a double zigzag Minute [iv].
We didn't yet see evidence of impulsing down today so we must assume today's lackluster day is a corrective wave. Small degree "b" wave certainly fits the bill here at the moment.
For the moment, the down channel is containing prices. If the price action can escape that channel, we might expect a final pop up which would fulfill the price range requirement and double ZZ form .