The call on July 25 for a major top very soon, was a perfect call as we saw a top the very same day at 132.21. The top was found right in the middle of the two possible target-areas that was set in that post. Since the 132.21 high we have seen the first impulsive as wave i decline followed by a perfect zig-zag correction as wave ii and we should now see wave iii down towards at least 124.09, but I would be surprised to see strong support at 124.09 broken for a continuation down towards 122.40.
A break below 124.09 will confirm, that the test of 132.21 set a major long term top and would call for a decline to 109.85 longer term.
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