es 5-26 update part #2

Od Eloquent
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here is another idea, which would imply another move to the downside.

may 30th, is the day a new moon appears in the sky - new moons are historically very bearish for the markets.
there is a great possibility that spy goes lower using the current bounce as a wave 4.

could look for a rejection from either the 0.382,0.50,0.618,0.65 (when pulling a fib from the low, to the top of wave (2).

if this was to play out,
wave 5 target would sit between 3672~3644.75
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4h hidden bear ~
snapshot

also this little indicator i use is flashing a 4h sell up here; last few times it did this, it called the tops almost perfectly
snapshot
Elliott WaveS&P 500 E-Mini FuturesS&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) us500VIX CBOE Volatility IndexVXX
Eloquent

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