The 240-min chart below shows not only a recovering market, but one that's accelerating higher. On the heels of what now looks to be only a 3-wave and thus corrective decline from 25-Jul's 31.68 high to 23-Sep's 24.01 low, odds are rising quickly that this month's rally is the dramatic 3rd-Wave of a resumption of the major bull trend to eventual new highs above 24-Aug's 31.85 high. As a result of this impressive, impulsive rally, further gains remain expected straight away with weakness below yesterday's 26.41 corrective low required to defer or threaten this bullish count.
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