200 or 50...

The Bullish count can still play here. If this last low holds, we go higher in an impulsive 5-wave structure. If we break it and then break the 200 EMA... The 5th of this last impulse is in and we most likely retrace to a full 50% of this last 5 Wave structure down to $3388. I'm long and strong but you've got to look at all scenarios. A close below the 200 EMA... line in the sand for me.