Is is very possible the market has now come "close enough" to the target area previously discussed as the target for wave iii of v. This area is confluent with the 200MA among other things. Bottom line, it will take a while to break lower if at all. It is time to start paying attention as we are at an important place to watch for any signs of an impulsive rise.
From a strictly wave perspective it is possible to argue the case for the market trading within an incomplete ABC from the October 2018 highs. That said it is very difficult to trade the downside here as it feels at risk of chasing the moving train until we get a clean break through the 2.354 lows. To put simply, watch for signs of support holding and an impulsive rise to further validate the support levels. Any break lower will open up the downside risk for 2.08%.
Good luck and thanks for keeping the feedback coming.