Wave-(c) lower of a large triangle is targeting 138. At 138, two separate extension targets align; the first is the ideal wave-(a) x .618, the second is wave-w x 1.618. We are looking for a break of 139.97, where trend and pivot support surface, to encourage further weakness. (daily) S/t, the current a-b-c decline is unfolding impulsively as expected and has completed the initial decline and correction sequence. The symmetry target for the next decline is also 138. A new move lower will be promoted once below 140.60/08. Resistance is now a series of Fibonacci retracements at 141.56 and that level has already halted one rally attempt. (hourly) Conviction: Medium Levels: Support – 141.95, 141.79, 141.32 Resistance – 142.65, 143.38, 143.79
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