The count suggested in Monday's update remains unchanged--see the 1 minute chart above. The move higher today appears to have been wave (v) of [iii] of C of (Z) of [2]. If this is correct, wave [iv] should be underway. This wave should take at least the majority of tomorrow to complete.
A more detailed view can be seen above. The 1147 area may support the correction, but prices can extend lower. Wave [ii] has been labeled as a sideways correction, so wave [iv] may be a sharp correction in alternation.
An expanded view of the count can be seen in the above chart. More than 61.8% of the entire decline has now been retraced. Usually when this retracement level is broken, a second wave is not underway. The wave pattern of the decline and larger count support a 5/6 wave B of (Z) of [2] bottom as well. Primary wave [2] may have completed however, so this is listed as an alternate. On the other hand it is also possible that the rally since 5/6 is only the completing impulse wave [i] of C. This is not likely however due to the breadth and magnitude of the gap 5/10 and the fact that ~1228 marks the 61.8% retracement level of [1].
The larger view remains unchanged.
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