Pref.count: Im still holding my sell position. Im now expecting price will further down to complete "wave b" after last night (new top produced) which is the expansion of "wave a". There might be a minor bullish as to complete subwaves in a wave. The target will be 138 or 135 in expansion.

Alt count: If it bullish continuation, wave might performing major expansion of "wave a" as there is no clear indication that this bullish trend has been ended. The target should be 148 or 150 in expansion.

Comment: Smac-d indicates strong bearish trend,RSI<50 supported by the MAE lines(bearish continuation). Fundamentally, Dow jones industrial index has Changed: Down 427.47 (5.07%)since lastnight, weakening the pound strength.