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Re: gratitude post# 378

Saturday, 02/08/2020 10:09:50 AM

Saturday, February 08, 2020 10:09:50 AM

Post# of 411
Current Elliott Waves - spx is taking a long time to do the correction, so I revisited the count to align it with the latest developments. It seems that spx completed green wave 3 in January at 3338. From there, it started green wave 4 down, which I expect to be a flat (3-3-5). So far, spx did legs A, B and started leg C down.

As I said last week, my daily indicators pointed to down, while the hourly ones kept pointing up. That's rare, and it resolved by changing the expected ABC zig-zag to a ABC flat.

The flat will be invalidated if spx makes a new high before it does the leg C down.