A 3 wave decline has unfolded since reaching a brand new all-time excessive every week in the past final Wednesday at 66,958. That constructive pullback discovered assist on the Median Line (gold dotted line) of the newly drawn Schiff Pitchfork (gold P1-P3) falling simply wanting tagging the 38.2 retracement degree of the October rally. The Quick Stochastic reached a degree that has led to a least a bounce in worth previously however we now have but to have affirmation within the different oscillators. 53,835 ought to supply agency assist if the pullback is incomplete.

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