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aussiebear

World Stock Markets Trading Discussion - Vanishing viability

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2 minutes ago, DrStool said:

Next support lines below 2540 are around 2530 then 2520.  

 

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The SP 500 Elliott Wave patterns tend to be more predictive and useful in bear markets. A  projection of this  wave 3 impulse down is to 2470  (wave 3 = wave 1.) This is the "3rd of a 3rd" so it should down go fast!    Wave 3's most often are 1.618 extension of Wave 1, so this would be the minimal target. Prechter the EW guru has same count. Staying short with PSQ and RWM!

SPX12.12.2018EW.jpg

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