The correction from 130.70 ended a little below my ideal target near 139.75 (the high was 139.25. We should now see the next decline to at least 129.56 and possibly even 127.30, before a more important bottom will be found. I would not be surprised if the final leg lower turns into a ending diagonal, only making little headway, but dragging on in time.In the short term a break below 135.05 will confirm the decline to 130.70 and 129.56.
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