Preferred wave count suggests wave ( 4) low is in place, wave 3 of ( 5 ) is still in progress which can test 3.08% before wave 4 of ( 5 ) pull back starts. We don’t like selling yields in proposed wave 4 pull back and strategy remains to buy the dips in 3, 7 or 11 swings as far as it’s a soft landing against the low of wave 2.
