The potential bullish set up did not materialize. Wednesday's eod rally was
only a 3-wave up leg, which failed once again at the 200dsma.
Bears took the advantage from the failure to achieve an impulse up and despite
Wednesday's marginal higher high price deeded below 1243, which was the level
that I mentioned that if breached could trigger a meaningful pullback.
If the count that I am following is the correct one the correction is not
over yet since price will have to unfold a Zig Zag off Wednesday's eod print.
Hence Fibonacci retracements should come into play = 1225-1212-1200
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