The bears have had a fair chance to dump and produce a wave c but heavy selling was rejected by the bulls who have now formed a five wave structure from lows. A well formed wave c down to the 1300 level would have been nice but it is not necessary when it is apart of a larger wave B, the most dissonant and ugly of waves that occur.

This primary count here is consistent with a bullish count of DanV's, where we rally to the 300 level from here and then retest lows finally after that.