The rally today appears to have completed a three wave rally from last week's lows.These lows should be exceeded in coming sessions .The question is will it be wave 5 or will the market accelerate in wave 3 of 3 ?Wave 5 will equal wave 1 at 35060 and will be 1.618* 1 at 34680.If we are dealing with a series of 1-2 s wave 3 should take us a lot lower ,possibly 32600 being 2.618* wave 1 before a consolidation in 4 than lower again
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