The break above 132.20 yesterday was the trigger for a change of my count. The decline from 137.85 to 129.64 is only wave 1 of 3 and wave 2 of 3 is ongoing. The frist possible target for wave 2 is 132.75, where wave c = a, but it's more likely that wave c of 2 will extend towards the 133.75-134.10 area where wave c will be 1.618 times wave a. It's the top of wave iv of one lessor degree and finally it will mark the 38.2% retracement of wave 1 down.
The alternate count would see the decline from 142.81 to 129.64 as a A-B-C decline, where wave C=A.
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