...as price has refused to collapse and we did get to 1213 and change at today's high. If price were to collapse from here, then in the end that is how I would label it, but I'm not expecting any exciting moves with tomorrow being options expiration day. Support for the wave 4 move should come in the 1203/1205 area. Technically though it could go down all the way to 1200 and be a valid wave 4. A touch of 1196 tomorrow would be bearish, so I'll watch what we do any down move. My game plan hasn't changed from yesterday.
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