Wave summary:
No change in view.
We continue to look for a deeper correction, closer to the ideal corrective target near 119.23 from where the next impulsive rally higher to 126.54 is expected. That said, the decline from 123.85 is not overly convincing yet, but only a break above minor resistance at 123.12 and more importantly a break above resistance at 123.85 will indicate, that the final rally higher towards 126.54 is unfolding.
Trading recommendation:
We are looking for a buying opportunity at 119.45 or upon a break above 123.85.
