Focus remains on the longer term count. We expect a significant decline, with price eventually coming under .5927. This decline could take up to a year or more though but could be in its early stages now (which is time to position for it).
The decline into .5927 from .7463 and subsequent rally to .8215 are waves A and B of the large expanded flat correction that we believe is underway. Our best count has wave C underway now from .8215.
