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S&P500 : Bearish Trend Remains In Play

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Stocks found some support recently but rally on intraday chart is not looking impulsive, so it must be corrective. That said, we will continue to look down now as bearish trend since early December is most-likely still in play. An updated count now shows wave 4) in progress, which is part of an ongoing wave C/3 that can retest 1800 or even reach 1770 area before price may turn up; ideally at the start of February. If you like our analysis please vote for us "Best Analysis", Answer "Elliott Wave

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