If you’re bullish, you’re probably looking at this pullback as a buying opportunity. The market started a new impulse wave off of the October lows and is now in wave III after the December correction. After some backing and filling at these levels, the NYSE should rip higher in a wave 3 of III, which are always the most powerful waves in an impulsive advance. We should know very quickly if this is the correct count because correction in a wave III shouldn’t last very long.
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