[B]Commentary:[/B] We wrote yesterday that “a pop above .8596 may complete the 5th wave of the run from .8355.” A spike to .8608 appears to have completed that small degree 5th wave today. The short term pattern is not too clear but the decline unfolding now may be a larger 4th wave. The structure is bullish as long as price is above .8355. Potential trendline support rests near .8400.
[B]Strategy:[/B] Flat
