PLS chart, page-14991

422 was a C wave end. Starting a new Rising wave count. Wave 1 (or A) ending at either 423 or 425 (hard to tell yet). Next wave target (426 or 427 on the same basis). Overall target for the day remains circa 434 (maybe 431 - 434), also supported by the US basket Open to High ratio of 2.7% - so 422 open gives 431 high. BUT if it hits the price close to EOD the problem is that it might be better to hold rather than trade as it should then rise tomorrow as well and if close to the EOD there may not be a re-entry point before the EOD. It depends on how fast it builds a Wave 2 / Bwave now (or if it already happened from 423 to 421). Just can't tell right now. It needs to retrace from here (424/5) to 422 then rise again and we probably have a wave 1 at 424/5 and wave 2 at 422 and then wave 3 at 427 and wave 5 at between 431 and 434, which should be around 3:00 if it retraces by 12:45