My preferred count have wave 2 ending today as it hit 131.59 (slightly below the 78.6% retracement target at 131.73). We should now be in wave 3 down, which should ideally be the wave the would extend a decline to 119.46.Short term we should now seen resistance in the 131.10 - 131.30 area hold, for the next decline down to the 128.27 - 128.40 area.
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