XMI finished a 5-wave at 1188. Since then it has extended to complete a 9-wave above the more recent high at 1191. Since this is a culmination move I am removing the 1192 stops until the final wave top has been reached. This should be no more than slightly above 1192.
Nasdaq is not extending, but holding below 2400.
XMI breaking 1187.80 will mean that the top is in and no marginal new high is allowed. Stop will then go back to 1192.
Update 2:45 Nasdaq just broke first-level support which is now resistance at 2395.
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