I'm sticking with the flat idea for right now. There are definitely other alternatives, but this one appeals to me. I'm postulating that 3 of C has completed. I had mentioned 1115 /ES as a spot where a new count would be needed. Above 1115, 3 is the shortest. If we clear 1115 without a significant retrace then you have to assume that 3 is more extended than is depicted. A retrace to near 1080 puts us near the 13day MA and sets up nicely for a five wave to complete the correction.
