At the current snapshot both the 5 and the 5' models are intact. If this is the 5' model then we could likely see one more small wave up per below which falls just short of the range of wave 1. This assumes that everything since cyan 3 has been part of an 3-3-5 expanded flat.
If this goes back up into the range of cyan 1, the rally in M+M should really pick up steam.
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