Our long target was a bit short of 8800 but stops flipped short and now targeting 7800 with a new impulse down. It's more likely that the elliot count labeled in red is the correct count but we won't know for sure until the next retrace. If we break the current high swing then our wave 4 is not yet complete and that is where our stop is. Will be looking for long positions after this position is complete or stopped out.