Nothing is invalidated.
If the 30-MAY high is exceeded, then the proposed Elliott Wave count is invalidated.
If the 06-FEB low is exceeded, then the proposed Elliott Wave count is invalidated.
For now, the proposed Elliott Wave model remains on course for an average decline towards 5300, perhaps by mid-JUL.
Seems likely to happen earlier, as it fell $1500 by now. $5300 by the end of this month.
if his count is correct, then this is only the first of two legs down. the bounce in between would probably take some weeks to complete. sometimes B waves drag out a long time.