The counter rally continued today and I think we can safely say the bottom is in for the post-Brexit sell off. Obviously, this doesn't mean we can't see another zig zag develop but as of now, we have a zig zag complete from the 2120 high. A completion of the micro-count would solidify the bullish case and turn the Trend Average bullish again. I was hoping the lower end of the initial target for the correction was going to be tested but it did not. So I will be going long on the coming correction and use 1991 as the stop. The next intermediate wave could turn out to be a bullish W3 so this might be the last chance to get on board.
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Short Term Trend = Bearish trend being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish