I dont think that we are at the end of the ABC correction wave yet (wave 4), however, we could test the nearest support and potentially bounce from it and begin the next wave.
The most likely scenario is that we move lower for a few days. There will be plenty of room for profit in this massive wave 5 run and that means we don't need to be greedy and rush into things just to get burned!
Remember to think bayesian.
We have decided to enter at this level. This trade is only a small percent of our portfolio. There is still the chance to move to the 7600 area, but unlikely.