Recent commentary has mentioned that “an A-B-C correction may be complete at .7662 but our preferred count is for a rally to end closer to the 50% of .7921-.7445 at .7683 and perhaps even the 61.8%-78.6% at .7740-.7920.
A rally to there would fill the 6/4 gap.” A C wave is likely underway now from .7483. A bullish bias is warranted against .7445.
STRATEGY: Bullish, against .7445, target .7720
