The expanded flat (irregular) correction we have seen over the last couple of days most likely ended with the close yesterday or will after a small spike early this morning. I still look for 1,085.20 to protect the upside for a break below 1,067 and more importantly 1,057 that should yield a more serious test of support at 1,045. A break here should open the downside for a decline to 1,011.50 again.The chart below shows the expanded flat correction close-up, where we can clearly count a five wave rally from 1,057.08 and thereby the end of wave c of ii.
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