The counter-rally topped at 2099.89 and it lines up well as a B or W2 wave. We should find out if this will be a minor zig zag correction or a more sustained correction in the next few sessions. If the current bearish wave turns out to be a C wave and it equals Ax1.618 in length, we will see a test of the the 50 DMA around 2040. I will go long around those levels with a stop at the 200 DMA.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish