Wave iv of 5 has extended slightly, but is likely over with the test of 97.98 and I will be looking for a break below important support at 96.35 and more importantly below support at 95.22 confirming the last decline towards the ideal 88.53 target.
However, we still have to be aware, that a clear break above resistance at 98.00 will indicate that an important bottom already is in place and call for a rally higher towards 100.76
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