Is this an ABC and the index takes the low?


Last week I said that one scenario for the index would be to have one to three days down then take the high. It happened after one day pull back. It took the high at 5009 and today the high was 5072. This level is again in resistance (upon formation) and a 50% Fib retrenchment that makes it even stronger resistance. So, there is a possibility the index to trend down from here and take the low at 4806.