The market completed an 80 some point reversal to launch what appears to be a wave ii of c of (2) bounce.
Keep in mind the alternate options I have presented recently.
1. It's quite possible wave (2) completed with today's completion of five waves down.
2. The more bullish alternate is still in play so long as 2727.10 holds. Not sure how much credence to give this but it is certainly an option.
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