|Making a NICE IMPULSING CHANNEL LOWER|
Levels to look for
A plunge at close today to the 1235 level would set the stage for a STRONG OPEN tomrrow
probably to 1258, the most recent low of JUNE 16th.
IMV, IT WONT END THERE
THAT BREAK of 1258 would ALSO SIGNAL that WAVE [E] is not forming a running triangle,
and might morph into an irregular correction or double zig zag.
Both of those indicate the LOW should end quite a bit lower than 1258