I believe we are completing our minor wave 5 up to about 2300 2310 range in this bigger wave three. The FOMC rate hike estimation for February 1st is at 97%. I do believe they will hike again on that date being that the last one did nothing. This would also coincide with an overdue DCL. But if we are in fact in a bigger wave 3 then this correction should not be able to extend lower than the bold black line with the blue arrow pointing at it.
That's it, short and sweet. GL
That's it, short and sweet. GL