SPDR S&P 500 (SPY): Looks now to be a truncated 5th wave. I...

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Re: gdl post# 151168

Monday, 08/31/2015 12:52:21 PM

Monday, August 31, 2015 12:52:21 PM

Looks now to be a truncated 5th wave. If it can't rally soon to new intra-day highs I suspect it folds over.

Of course if the opposite happens and we hold well today and see a move higher all bets for me are off. I need the targets to be wide for me to bet. A rally to 2000 on SPX from here isn't worth it.

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