As we noted in last nights update
Alternatively there is still a chance that today was the b wave of (ii) – If so we should get a c wave back into the resistance zone (1067-1082) tommorrow, and then start (iii).
It looks like this is currently taking place in the futures market. The 10 min chart below, shows where we are:
Futures
It is much more interesting when you look at it from a longer term..
Futures
We stand by the analysis that resistance will keep the rally at bay (1067-1082) and then a significant drop.
