I labeled today's high as wave (ii) of [iii] even though we need a break of 1040 to get the confirmation for that. If we break that level I think we'll quickly sell off to the 1020's or even lower to 1000ish, get a backtest of 1040 and then begin the third of a third next week.
grrrrrr! I shouldn't have discarded the fractal I posted yesterday so fast:
We got a move to 1070-80...:
If this continues to correlate we should see a decline to the 1020's followed by a rally to 1040 and then another sell off much lower.
