I still view the decline since 149.39 as wave E in a major correction from 160.38. I do have two alternate counts, one which sees a serie of wave 1-2's and the second which saw a B-wave triangle and the decline from 145.77 to 138.35 as wave 1 and wave 2 from 138.35 to 142.81, and we should currently be in wave 3 down, which should reach at least 135.39 and possibly even 130.81. A break below 139.49 will call for a break below 138.35.Resistance should now be found in the 141.76 - 141.88 area.
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