T/A ETF AND INDEX

[POKERSAM]

My target for the end of [2] at 2115-2125 is still my favored outcome. Primary wave [2] began in Sept. 2015 at 1871 and is playing out as an expanded flat. We are near the top of the (C) wave that began at 1810 last Feb.
The crash of 2016 will follow the completion of wave [2] as we go down in Primary [3]. This move down will seem bottomless and continue LT.

The alternate is not really that much better for the intermediate term. A new ATH break of 2134 will alter the count but the intermediate term result will be the same. A decline to near 1800 will follow a ST top. Then we will move higher to the 2425-2500 area.

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