The wave 1, will be proportional to wave 5. Still unsure and developing... Are we out of wave 3? was the correction yesterday and maybe today wave 4?
The 1420 seems to be very important..... Is that the 50% mark? that is a target of 1350
What about 1400? is that the 50% that is a target of 1425 or so...

What I'm getting at is a target of 1330 or 1350 before we get a Real Rally. 1330 is the 2006 may high It's at that level that the real fight will happen....

We hit that range bounce back to 1400-1420.... Then Retest.