a third test below the 1300 support zone of approx 1292-1296 (1300)
support area. Dip buyers came in at 1299 or so and the market had
seemingly gained some momentum by the last half hour. However very
bearish price action in the last 30 minutes wiped out any kind of larger
impulse move and turned the rebound into a 3 wave move up from today's
Best count may be that a wave (iii) of [v] of Minor 1 down is soon coming.
Observe the alt count is that Minute [iv] is not yet finished shaking out both bulls and bears for a bit more.