Following our previous post, it looks like "later" was the answer. (b) wave was short, even shorter on cash index, but second waves are usually sharp and shallow, so it hadn't time to develop a "textbook style" b.
We approched the most likely stopping area, between 50% and 61,8% retracement. Our feelings is that it will try to reach 61,8%, surpassing the previous significant high at 2725, clearing stops there. So we wait a little bit do declare short entry, but we are getting close. Wave 3 or C down should revive last week's fear
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