As I was taking a second look at the entire decline from 1,131.08 to 1,011.52 something just hit me. If the ongoing correction from the 1,011.52 low should only be a wave (ii) then the size seems out of line. It's much more likely that we are correction the hole decline from1,131.08 to 1,011.52, which would call for a rally higher towards the 1,071.18 - 1,085.34 area, before wave 2 down is in place.It does not alter the bigger picture, just the correction targets.
Sorry for the inconvinience, but sometimes you just can't see the forrest for all the trees.
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