After a beautiful abc correction run up we have failed to push 3977 which fits into elliot wave rules of correction wave 2 as it cannot retrace all of wave 1. We are now beginning wave 3 in the down trend cycle will keep you all posted.
as we have smashed past 3978 we will have to restart our wave count as a new trend is forming. TA is a guideline not a fact have tactical stop losses to negate your losses