Yesterday our focus was on a break of “101.56 to promote strength and a continuation to 101.86”. The wave count off the lows is now mature but a rally to 101.80/86 would allow for a complete 5-wave affair. S/t, 101.80/86 represents symmetry between waves-3&5 and between waves-1-3 & 5; that zone is also resistance via the 7/9 high. N/t support for this call is 101.51 now. Our approach is to wait for a complete rally and look for signs of a corrective pullback in an effort to capture the next impulse rally. Conviction: Med Levels: Support – 101.51 101.39, 101.07 Resistance – 101.65, 101.80/86, 102.27
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