The nature of downward move is corrective so the main impulsive count is still valid. The level to be observed for today: $ 8,438, i.e. the level invalidating the impulsive growth counter due to the overlap of waves 1 and 4.
@lemosedmirf, I think you might be right. After that pump and dump, people are going to be reluctant to put money back into this market. The greedy manipulators behind these schemes are driving people away from this market. It only takes a few to ruin a good thing for everyone.