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S&P 500
5,031.90
(
-0.78%
)
US TECH 100
16,902.00
(
-0.93%
)
Dow Jones
38,016.77
(
-1.15%
)
Brent Oil
87.12
(
-0.11%
)
Bitcoin
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(
0.39%
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techcharter

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techcharter

Re: None

Sunday, 03/29/2015 10:21:58 PM

Sunday, March 29, 2015 10:21:58 PM

Post# of 51773
Time to make an SPX forecast.

The rally off Thursday's low looks very corrective.
Wave X - Double zigzag
Wave Y - Triangle, subwave d almost complete
Wave Z - expect another double zigzag.

Target of 2071 based on Wave X = Wave Z.

The most important feature of this pattern is the triangle, which indicates the next wave of the same degree will be the last wave of the larger degree.

http://www.barchart.com/interactive_charts/futures/ESM15
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