In my last post I gave a bad target of 8493… after looking over charts this weekend I have lowered my target to 8423… this would be the .618 target of w1-w3. So we still have about 160-180 points until my downside target is hit. This is actually in line with with the dollar as we still have room on the $ to move higher to a target of 89.23. Both the targets are derived from the dec contracts.
Good trading
CK
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