I call the scenario shown on the chart below “More Bullish” one. Under that scenario yesterday we completed a corrective wave iv down and now it is working on wave a of v targeting the previous high made by the rally in wave iii up at 2,900. I really like that scenario. Let me explain you why. First, in the previous scenario wave c of iii = 150% of a of iii. That is totally acceptable but not common.In that “More Bullish scenario wave iii hit a very common 176.4% extension for wave c of iii. Second, under the previous scenario wave a of v traveled past beyond the top of the wave iii up. Again, that is acceptable but the textbook pattern suggest that wave a of v stalls at the top of wave iii. If this current move up stalls at around 2,900 that would be a good confirmation of that “More Bullish count”. Finally, wave iv in the previous count was structured as a sharp drop. This is a textbook pattern for a minor wave iv down preceding push higher in completion of wave ( c ) of ( iii )! Now if we look at a-b-c correction down we completed yesterday it is big enough to be counted as a textbook wave iv down. For those reasons I am making now that “More Bullish count” (below) my primary one.