Mid-Day Oct 23 Pattern Chart

Here is an update on my pattern chart. Still holding up nicely. Broken support line now resistance (newest red arrow).

The "rally" the last few days has been stair-stepping down the trendlines. I think the wave is done per my last count (EOD Oct 22) and I think we are in the middle of the expected correction. I still expect a move down to ~1050 in the next few days.

After that .... ? Let's re-evaluate when we get there.