19 Dec 2013 ‚óŹ 04:40 AM

After yesterdays move the recent decline in the US ended in 3 waves. The next move is either wave e of an ending pattern that can take the S&P to 1850 or the start of wave 3 of 5 as wave 5 subdivides even more for a rally that can go on for many more months. We will have to give it a few days to determine that the next move up is impulse or corrective but the short term trend of the US market might remain positive for a few days. Wave e always carries a risk of failure so it requires watching what really happens here.


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