Out of the 3 hypotheses that I have mentioned in my earlier post, No. 1 is forming sub-wave iv, No. 2 is forming mega wave III and No. 3 is forming wave B of mega wave II, I personally feel that hypothesis No. 3 - forming wave B is most likely.
For wave B's hypothesis, the 9974 level cannot be broken. Dow has to stay above 9974. The moment Dow closed below this level, that will mean that the last rebound is sub-wave iv, wave A is not even formed yet.
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