[B]Commentary[/B]: The decline from 1.9964 is a clean 5 wave affair and an a-b-c correction is unfolding from 1.9621. This correction should be complete near 1.9833/35. 1.9835 is where wave c would equal wave a and 1.9833 is the 61.8% of 1.9964-1.9621.
The rally from 1.9621 is a larger wave 2 and 2nd waves often retrace 61.8% to 78.6% of wave 1. Aggressive short term traders can look to trade the small c wave higher towards 1.9830. We are looking to get bearish on either, a break below 1.9621 or a rally to 1.9830. [B]Strategy[/B]: Bearish on break of 1.9621 or a rally to 1.9830.