Dow rebounded strongly on Thursday, it gained 211 points (+1.67%) to close at 12887.
As long as it cannot break the 12943 level, which is only 56 points away, Option 1 and 2 remain valid.
However if Dow can move higher than 12943 and proceed to break the upper trend line as shown below, it is likely that wave v is being extended into 5 waves, 1/v-2/v-3/v-4/v and 5/v.
Still a long way to go before Dow goes south under this scenario.
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