Last night's post expressed my opinion that traders should look lower for today's session and to target 1314. Today the market has traded to 1316, just two points shy of a potential w.iv circle low. I have been away from the market for most of the day and have not been able to looked at the intraday charts. Therefore I can't confirm that the wave count actually validates a w.iv circle termination. I hope to update the count later tonight or at the latest before the next daily session.
Best of Trading
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