Don't panic. If this alternate count is true, this is an expected panic sell, but there is no need for panic at all. At least not yet.
My primary count will be invalidated @ 6790 though. But this count will not be invalidated until 5777 breaks.
If it bounces @ 6825, 6666 or 6400 (or somewhere in the middle of that), then white wave 1 and 2 are already in! This panic sell fits the character of a wave 2 correction, fast and deep.
The next levels to watch for a big bounce are 6825, 6666 and 6400... If this is indeed already white wave 2, then white wave 3 is next! Target at least 10800, but potentially much higher.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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