Yesterdays rally above 1,206.32 "killed" the Leading Diagonal giving the decline a clear correctiv look. As long as important support at 1,183.80 protects the downside, we will have to accept more upside pressure.The hole mess since the top at 1,213.82 could be a triangle shaping up. If it's the case we need one more decline close to the 1,195 area before the final thrust higher towards the 1,226-1,237 area.
This is fine-tuning whats more important is, that all demands for the Expanding Diagonal is fulfilled calling for a major top and decline soon.
I will cover my shorts from close to 1,204 on the decline towards 1,195 and await a new selling oppotunity near 1,226 or a break below 1,183.80.
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