Commentary: We were wrong to favor the idea that a larger more complex flat was unfolding. Wave 3 within the 5 wave bull cycle from .8584 is underway. Ultimately, we expect this rally to lead to the completion of the entire rally from 2001. Objectives are in the .9600-1.0000 zone. Support should be strong near .8900.
Strategy: Get bullish near .8900, against .8682, target TBD
Al Bawaba
