The new high into $248.71 can be counted as an impulse wave, there are enough gyrations to argue for a completed pattern. Short term if the market remains below $245.77, then more immediate weakness is favored. A strong move under $235.00 would help argue for more weakness.
A move above $245.77 likely argues for new highs above $248.71 for the alt idea to end wave 5 of an impulse wave from the Dec 2018 low.
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