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Calling Inspector Clouseau!


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spx pattern

 

looks like intraday we have another horizontal triangle.

 

Triangles usually occur in 4th wave position.

 

If this one is so (i.e. 4th wave), we should thrust out of the triangle to new LOD spx.

 

This potential thrust to new lows would confirm 5 waves down and a CIT (Change in Trend).

 

After the 5 waves down, we will correct the move from 905 to the new low with a minor wave 2 bounce up (wave 2 = a b c)

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