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Elliott Wave Analysis : S&P Trading In A Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    S&P500 made an acceleration to the downside last week with very aggressive decline, but normally you will see stocks falling much stronger than they will rise; it's because of fear. That said, corrections on stocks are usually much sharper than on currency markets per example. So despite strong move down there is possibility to count a pullback as a corrective move. Ideally it's wave 4) that found a support near 2000 psychological level. So uptrend could continue especially after sharp

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