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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,946.45
(
0.25%
)
Post# of 27838
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dabonenose

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dabonenose

Re: None

Tuesday, 10/09/2018 8:29:15 AM

Tuesday, October 09, 2018 8:29:15 AM

Post# of 27838
IMO, the mkts are oversold bigtime, taking into consideration the summations.

https://stockcharts.com/h-sc/ui?s=%24NASI&p=D&yr=1&mn=0&dy=0&id=p32098005733

Personally, I think we are due for a nice bounce for the summations to attemp a touch of 30 in the RSI.

If we do get a bounce quickly(a couple weeks or so), I'm thinking another dip until the midterm results are in, then if the repubs win, a big run into Y/E.

If dems win, then a big, big, big selloff because they're gonna wanna impeach everything but the kitchen sink,,,lol.

They will also wanna reverse tax cuts, etc., and the Mexicans will run amok.

This election is the key to ongoing mkt expansion or copntraction IMO.
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