I'm not sure if I understand your alt and stop light theory, but if I do, a break below 802 would be a bigger retracement and a good sign we're going lower for a bit.
We reach our measured move target, but with only three waves .
This may be and extended wave one followed by three-four-five and then the last hour a-b-c .
There should be another big measure move UP .
Observe the green lines for Buy Signals,
the red lines for Sell Signals.
Preferred count is 1-2-3-4-5 of 1450, 165, 310 points (The Ursa Major Trap) and a-b-c of 460, 50, 90 points.
Expected another measured move UP of 1450, 165, 310 points :eek: ,
from now or after a 460, 50, 90 points DOWN move .
Note fractal waves: extened wave one.
Note:
The attached chart is big, it may load slowly.