I'm looking for the ongoing wave 3 to accelerate higher towards 105.22 and beyond. Since the May 2011 higher at 114.81 we have been a major sideways consolidation, which I expect ended at 91.25 and we should now be ready to challenge resistance at 112.22 for a rally towards 122.86 and maybe even back to the 2008 high at 147.27 in a major flat correction, but only time will show.
Short term I expect support at 100.27 will protect the downside, but only a break below important support at 98.82 will invalidate my bullish count.
