That is also a 78.6% retracement of the May 2 to Aug 9 decline.
May 2 to Aug 9 low is 99 days.
99 days from the Aug 9 low is Nov 16.
Today's up move is counter intutive to wave 3 down count.
May be 1313 is what the market is indeed aiming for.
These wave degrees reflect the overall count better.
Primary 2 is a triple of intermediate waves (1), (2) and (3).
Intermediate (1) completed on May 2.
We are now in Minor 2 of Intermediate (2).
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