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Successful_Inv_Strategies
26 sty 2019 06:54

SPX - possible top forming? 

S&P 500SP

Opis

Time for "Risk vs Reward" evaluation

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SPX needs to break through 2600 area. Otherwise, it could ho higher.

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FED induced rally today..... Often reverse in a few days. Still a bigger picture hasn't changed and looking for a pull back.

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Possible path

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I really think big (B) wave is done. IF so, Something like this maybe in play.
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kunsan
Yes an ABC. However consider that a,b was actually the triangular consolidation just under 2600. If so, wave 'c' might be 0.618 of 'a' suggesting more upside to around the 2720/30 area. Possibly now forming a rising wedge for 'c'.
Successful_Inv_Strategies
@kunsan, very possible
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