![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuPHWFIQtchIA4DASkcL9HDV9Hb9S1L668TGvfsHwGj6nnZ6o9wgRrlwibJzW1zVbgLwifQFIGWkATaToQC5c5b5__EGyq2OU1OQ44IR89NvHyMMio00gWhMWbTJUoQFdWka3jeUlO4Z8E/s320/count0411.png)
Unless we get a close over 1330 tomorrow, the short term trend will officially turn bearish and we should expect a correction of the wave that started at 1249. The count I've been posting is still valid but looking at the trend, I wouldn't bet on it at this point. So if this turns out to be a correction, then I expect the 1290-1300 level to be tested before turning bullish again. If tomorrow turns out to be a bullish day that turns the trend back to positive, then the 1350 target is still a valid possibility for the near future. I continue to hold cash to short at the 1350 level or go long at the first sign of the trend turning positive after the coming correction.
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