
Until the market broke this trendline, I had no confidence in any kind of 38% or more pullback. it just didn't make sense that the market obeys its Primary Wave 1 resistances and goes into a deep correction prior to breaking through and confirming a trend change. Now that the trendlines have been broken, perhaps some distance might be put on them to allow a decent pullback. But not TOO many days, because the longer the market waits to backtesting, the deeper it has to travel to touch them...but the market will do what it needs to do.
Also 804 is now support so that will be tested too sooner or later. Also, the prominent gap at 768.51 -772.31. Thats a nice gap.
Also the "apex" of the previous Intermediate 4th wave triangle is perhaps pointing to a short term top.