As mentioned in the update right after the open, micro wave [1] topped at 1120. From there the market started its correction. So far, we've seen a 5 point drop labeled as wave (A) followed by a rally in the afternoon labeled as wave (B). Tomorrow I expect wave (C) to unfold and end around the wave (4) low to complete micro wave [2].
After that, the rally should resume and continue to make new highs till the end of the year.
