We may extend down a bit further as the c wave on the ABC zig zag still needs to complete.
Still watching right as of this moment.
A confirmation that the zig zag is finished would be a break over 177.50 178.00.
I usually start looking for a bullish candle of some kind before I take a crack at the long side.
Ill be playing the DEC contract. when I get the set up
Hope that helps
CK