As we have focused on in recent days, an A-B-C correction (as a iv wave within the 5 wave decline from 114.65) should come to an end this week or next.
Wave C is viewed as underway from 98.56. Wave C would equal wave A at 103.88, very close to the former 4th wave extreme at 103.58. Resistance near the 104 area is reinforced by a resisting trendline that is drawn off of the 12/27 and 2/25 highs.
