I believe we are completing our minor wave 5 up to about 2300 2310 range in this bigger wave three. The FOMC rate hike estimation for February 1st is at 97%. I do believe they will hike again on that date being that the last one did nothing. This would also coincide with an overdue DCL. But if we are in fact in a bigger wave 3 then this correction should not be able to extend lower than the bold black line with the blue arrow pointing at it.