I can't tell where the small bounce earlier today fits....

It was not big enough to be considered as wave iv (was hoping for at least 445-450 but it stopped at 440).

Because of this, it is not clear if we are still on wave iii, or already on "v" (this assumes the small bounce today was a "iv")

Given the macro condition, I am going to assume the worst case that we are still in wave "iii", and will see how this moves next week.