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S&P

7 Oct 2014 ‚óŹ 07:34 AM

The US indices like the S&P below dont appear to be any where close to a bottom. The S&P index fell in 3 impulse waves where wave iii is the shortest and therefore the best count is for extentions in a series of impulses down in the coming days. So a lot more selling and downside over the next two weeks are expected here. The 20dma is acting as a pivot resistance level at 1983 right now.

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