As long as important resistance at 98.20 holds firm, I will be looking for the last impulsive decline lower towards the ideal wave 5 target at 88.53.
Short term I would like to see minor resistance at 96.43 protect the upside for a break below support at 95.73 and more importantly below support at 95.43 as a break below the later will confirm that wave (iii) lower towards at least 93.20 is developing.
Only a break above resistance at 97.18 invalidates the above bearish count.
