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World Stock Markets Trading Discussion - Mystery maze


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All Ords 5-day chart

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http://bigcharts.mar...com/default.asp

 

All Ords wavered off into the ether to finish +0.7%.  IT +1.8% and Telecomms +1.5% gained the most with Gold the only down sector, -1.6%.

Over in Asia, China -0.3%, Hong Kong +0.2%, Japan +0.8%, India currently +0.2%.

UK/Europe bounding out of the starting box: FTSE +0.5%, DAX +0.3%, CAC +0.5%.

 

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big.chart?nosettings=1&symb=FR%3APX1&uf=

  http://bigcharts.mar...com/default.asp

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3 hours ago, sandy beach said:

S&P sitting around the 38.2% Fibo from the Oct market high right here in the mid-2770's. The 50% fibo is very close to the 50-day MA and strong horizontal resistance @ about 2640.

There is a nice Fibo confluence of resistance there of both large  and smaller degree waves down.  Also this wave up has a nice A-B-C structure with A=C and a messy expanding triangle for B taking it right to the same level.  Gives this a good shot at being the turning point back down.  Still holding everything short except the biotech BIS closed with a nice gain.  Oh add that is fufilled backtesting the wave 4 area another EW rule.

SPX1.8.2019.jpg

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