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techcharter

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techcharter

Re: None

Thursday, 01/15/2015 10:31:54 PM

Thursday, January 15, 2015 10:31:54 PM

Post# of 51776
SPX Futures UH-OH.

SPX futures broke below the January 6 lows earlier today during open trading and again in the after hours trading. The choppy sell off from the late December high to present could be a wave 4 triangle of an ending diagonal. It is getting dangerously close to breaking the December 2014 low, and if broken, would negate the ending diagonal count.

It should have set off alarms that European markets RALLIED nearly 2% today while US markets sold off solidly.

US markets are looking like a waterfall crash has started and 4% moves to the downside could happen any day now.
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