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S&P just bounce

15 Jun 2016 ‚óŹ 06:22 AM

The S&P hourly chart shows a clear 5 wave decline so I am marking it as wave i down. If tonight's event causes any near term bounce it should only be wave ii minor and then wave iii down should be next. World markets have fallen relentlessly for days and a one/two day bounce back is normal here. It should however remain only a retracement of the trend.

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