OK, I believe wave 3 is "in." When the market took out 2612.50 (pink line) we can assume the uptrend is over because the 5th sub wave cannot move below the 4th sub wave. The final five wave impulse pattern at that point was completed. The wave 4 correction should take longer than circle wave ii and circle wave iv corrections combined; a minimum of 18 days but ideally touching the gold color lower channel line.