It looks like we are completing it and another drop down is just ahead.
Signs of wave B soonest finish are: wave C in wave (B) already reached the 1.618 of wave A.
Wave (B) has almost reached the 61.8% of wave (A).
The second drop could be even faster as it will be wave (C).
The minimum target is set around 2470 where wave (C) = wave (A)
the reversal candle "Shooting Star" was on Friday on the daily chart.
The break and close below 2727 (candle's body) would confirm the pattern.
I added extra levels beyond 61.8% of wave 1-3 to the chart between 2770 and 2815
These levels amazingly coincide with the Wave (B) regular retracement area (blue rectangle).
RSI shows Bearish Divergence
For the confirmation the index should first break the support trendline around 2735 and then the threshold of wave 5 below 2697
Trendline support was broken down
Minimum target where C=A was recalculated to 2515
The confirmation for the drop is below 2697
I think we are in wave 4 of A and another small drop will be followed by wave B correction and then another drop to finish big wave (C)
no more updates under this idea
It's nice to find that somebody else got exacly same conclusions as you did, but using different approach. :)