A major top may be in place at .9496.Treating the rally to .9470 as a truncated 5th wave supports this outlook.However, confidence in the larger bearish picture is low right now since we can count a 5 wave rally from .8952 to .9240.A 3 wave correction may be complete at .9075.
Under this count, a short term bullish bias is warranted against .8952.With the long term and short term patterns in conflict, we will stand aside.
