[B]Commentary[/B]: We wrote of two scenarios yesterday. One had a flat unfolding, which means that a rally will occur towards the 38.2% of .8107-.7550 at .7762. The other was a triangle, which would lead to a thrust lower. Both scenarios remain possible, but the rejection of weakness yesterday at .7552 favors the former scenario of a flat unfolding.
Also, we can now count a triangle in the B wave position of the flat. Look for wave C of the flat to work towards .7762 (and possible higher).
[B]Strategy[/B]: Flip to bullish, against .7530, target 1 at .7760