Monday was a sideways consolidation day, potential wave 4 retracement. If so, Tuesday should be a wave 5 rally targeting a break above Monday morning swing high. A continual decline or consolidation implies larger retracement targeting 2620, 2610 or 2595.
Key Level For Tuesday is 2635
-- Above 2635 implies the next up-leg, wave 5 is in progress, targeting a break above Monday's high.
-- Below 2635 implies continue consolidation/retracement
Upper VA = 2645.25
POC = 2637.25
Lower VA = 2632.125
European debt crisis Continues to Worsen
