Elliott Wave V (ii) Ongoing - Bear Trap!

We've been anxiously waiting for the retracement, closing at 24,361 within a few points of the Fib .62 harmonic wave pullback.

Would be very very risky to short this market now - if you want to take that chance keep your stops really really tight!

The breakout will be powerful and race ahead like a tsunami, pointed at recovery to 26,616. Do not get drowned Bear Brothers!