Friday, September 12, 2014

Hourly s&p chart another setup to sell?

An hourly chart shows a nice 1-2-3-possible 4 and the 5th wave up to come. Targets on the topside will be 2020-2030 if we get a full w 5 if we have in fact finished the corrective 4th wave. 
The two blue dots connect the beginning and end of w3 and a push down to 1980 would be the .382 but we have move far enough for the w4. This final leg may finish on news from the fed…

Remember wave 5's can truncate, move in equal length of wave 1 or extend. We will see… staying aggressively short! 

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