The wave ii correction has become more complex. The micro count (see the chart below) has wave ii ending near 132.20, which is just above the 61.8% retracement of the decline from 133.45 to 129.64.If 132.20 is clearly broken to the upside I might have to change my count and make the entire decline from 137.85 to 129.64 wave i of 3. If that becomes the case we should see a continuation of the wave ii correction towards the 133.74 - 134.21 area.
As we are in a correction be flexible, but a brealk below 130.85 and more importantly 130.46, will tell us, that the correction is over.
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