What we experienced in the last few trading days is a wave "a" down, a wave "b" up that retraced 75% of wave "a", and today the completion of wave-1 of "c" down during the morning floor trading hours.
We also experienced wave-2 of "c" (upwards direction), which is not clear if it has completed.
Therefore tomorrow Thursday, we may (1) see the market higher than today's high (suggesting that wave-2 up is still unfolding), or (2) we may move impulsively down (suggesting that wave-2 finished today and wave-3 started already and was unfolding into the close).
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