SPDR S&P 500 (SPY): Interesting bet. I look at the retrace...

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Re: GuTA post# 202526

Friday, 06/03/2016 12:11:41 PM

Friday, June 03, 2016 12:11:41 PM

Interesting bet. I look at the retrace from 2090 and it shows a "normal" corrective drop. Surprised at that. The recent pattern after a 7 wave move showed a shallow drop day one and a bigger one 2nd day. looks like if we do hold today at a shallow drop Monday will be the bigger one.

BUT the whole week should basically finish where Monday closed, if this uptrend is to be believed. just a hunch right now. Not betting it till I get some more answers and see how today and Monday react.

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