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Wednesday, 11/09/2016 6:36:50 PM

Wednesday, November 09, 2016 6:36:50 PM

Post# of 51751
WOW, Market Gyrations!

Leading up to the closing of the polls in the US election, financial markets had surged. Once the polls closed, the futures market plunged 5% and hit trading limits. By the end of the day, US financial markets were UP 1.25% from their previous close. All of this still falls within an E-wave count of an ending diagonal that started in late January 2016. NOW the US markets are in Wave 5.

So far the open markets show a double zigzag off Monday's lows, while the futures show a zigzag off the overnight election lows. Structurally the markets are ready to pull back the next few days. Dropping below Monday's lows in the open market would signal the end of the bull market.

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