SPY has reached the terminal point of Wave B in a ABC correction. We are now beginning the C Wave. C Wave Target is 100% Retrace of Wave A & B respectively. I will keep this updated.
-AB
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Note
Ultimate Oscillator shows a divergence from the chart suggesting we are going lower.
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Bitcoin Cash has the same chart pattern: Flat Correction
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Catalyst - Political Storm incoming? Mueller? Cohen?Note
Headline: Trump Dodges Media, Citing Nonexistent ‘Bad Weather’Note
The Hill reports that the White House cited “fog” as the reason for Trump’s change in travel plans, although his helicopter landing site at Joint Base Andrews was “open for operation.” F16 intercept unauthorized missile launch...
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Sell still in place.Note
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SELL: BUY PUTS- STILL IN-FORCE: POLITICAL HAPPENINGS IS CAUSING UNCERTAINTY Note
Reasons for Correction:
Trade War (China)
BIG TECH Breaking News (Data Collection/Privacy)
POLITICS (Democrats want to impeach Trump)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.