In my previous updates I expected another push higher in subwave c up. We got that rally but only after a very strong drop this morning caused by bearish CPI data announced at 8-30 AM EST.
Now after that rally, the a-b-c up structure of wave -b- up looks completed:
That crazy whipsaw is what we call the Expanded Flat corrective structure.
That wave count argues for another impulsive leg down in subwave -c- of wave ( w ) down targeting 3,350.