If yesterday’s rally into Fed including the Fed spike up to 2080 was a wave 4 – then today’s low at 2041 (a 40 point drop from 2080) – appeared in 5-waves and reversed — pretty much 75% of that drop back to 2070.
If the market can hold in that area, then that would favor the below count.
Meanwhile, silver dropped in a wave 2 towards wave iv support. There’s a chance it could exceed it by a little bit and reverse. Definitely faster than I expected.