We now have a five wave rally from the 91.25 low and we should expect a correction lower anytime now. However, we could see wave v move a little higher towards 104.28 before the correction sets in. To confirm that the correction is developing will be a break below 101.13. A break below 101.13 confirms that a correction towards 97.25 is unfolding.
Short term I will look for a move higher towards 104.28 as long as support at 101.97 protects the downside, but any break below here will be the first indication that wave v has terminated.
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