2.618 of (1) and a bunch of more fibo levels could suggest that we're topping in (3) wave.
Since (2) was rather deep and long (ETFeee ABC) we could have some light correction .24 - .38 - .5 - .62 correction to 2368 - 2222 - 2100 - 1987.
Personally I rebuy half of my short at 2400 since that Japaneese could trash all that elliott stuff and over-over-extend that 5.(3) to 2969 (1.62 fibo of 0-3 sequence).
Same reason - YOU should consider not being margin called until 3200 at minimum.