2) Don't like the 3 wave formation A B C
3) Don't like that Wave C = Wave A. Typical of a three wave correction.
With these points in mind, the correction for Primary wave 2 that started at the $94 high may be incomplete. Wave 2 corrections can cut very deep - all the way back to the beginning of the formation. Applying the theory of Wave A & C being typically equal - this final phase of the correction could take us to a low of around $9 before Primary wave 3 kicks off.
Take a look at the Nasdaq Composite Index wave 2 of year 2000 as a example.
1) Firm break of $53
2) Limited prices rises to the upside
3) A sharp sell off
Suspect a correction is in the works that could terminate just above $62 before a more forceful sell-off