I think the odds favor the low yesterday marking the wave (i) low in the equity indices and now working on a bounce through the first few days of January in a wave (ii). 3887.50 or 3935.75 are both good targets for wave a of (ii). Possible that 3838.00 is retested again though wouldn’t count on it. I suspect that while today is technically a full day, that many traders took advantage of the volatility around the economic numbers to trade and then started the Christmas holiday early.
Merry Christmas.
Thanks for your the quality of your analysis.
Merry Christmas (too) to the TEAM. 🎅