The Market spent most of the week falling in an impulsive manner but it doesn't appear that we have a completed wave 1down from 2 (blue). At the daily chart level, price has yet to break the trendline. Doing so would add the the bearish case. Final confirmation that wave 2 blue has indeed ended occurs on a break of critical support (1053). For the early part of next week, I'll be looking for the completion of wave 1 of 3 (blue), then a retracement for wave 2 of 3. There represents a low risk entry for a significant decline of wave 3 of 3.
I'll calculate some preliminary targets early next week. Until then...
Best of Trading
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