Thus, we have two plausible scenarios looking for higher prices, and we have clear warning levels (i.e., stop-loss levels) to indicate that our thesis/position was wrong.” Thus, while our preferred paths for higher prices were wrong, the index did bottom right at the lower end of the target zone, having given us ample warning when it broke below ~$12K. As such, we are now, once again, looking for higher prices. The SOX index with intermediate-term Elliott Wave Principle count and several technical indicatorsNamely, the price action since the June all-time high (ATH) counts best as a leading diagonal (green) W-a. Thus, we have strong confluence in the $13,500 +/-1000 region before the next leg lower should announces itself.