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CURRENT MARKET TREND: Down on 1/24/2020






Wednesday, September 11, 2013

SPY Intra-Day Update

The bear case is almost dead. Based on this count, there are no more waves left to the upside so we need to start selling off hard. The DJIA is up against former trendline resistance connecting the 12/31 and 6/24 lows as well as the 61.8 retracement of the entire move down. Nasdaq looks to have completed an Ending Diagonal wave C which I posted yesterday or the day before. Everything is lined up for a selloff. Will it happen?

Chart:

NOTE: QQQ Chart is from September 9th
Posted by geno0010 at 1:44 PM

2 comments:

  1. AnonymousSeptember 12, 2013 at 9:05 AM

    bear case is dead? means no more decline or what?

    ReplyDelete
  2. geno0010September 12, 2013 at 9:09 AM

    Still possible but the odds aren't favoring it.

    ReplyDelete

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