Wave 2 corrected almost exactly 70.7% of wave 1 and I will now be looking for and acceleration downside pressure. The first indication that we did indeed see the top of wave 2 at 16,225.72 was a break below support at 16,039.37 and that support has been broken as the low has been 16,031.66. I will now be looking fora break below important support at 15.863.25 and confirmation that wave 3 lower is developing.
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