The back of the bear has broken. We pierced through the magical 7500 mark, which invalidates my bearish elliott wave
scenario. We are officially bullish
now. Since the last micro wave 2 was a zigzag
we can expect wave 4 to be a flat or triangle according to the guideline of alteration. This wave 4 sideways correction is likely to last longer than wave 2 correction and be more complex. It is safest to stay long and hold.