Wave 2 from the July lows (FRE-FNM bailout) I count a motive wave (Wave A) then a corrective wave (Wave B), and finally an ending diagonal (Wave C) from the end of July to present. Wave 3 of 3 should begin this week.
Confirmation of Wave 3-3 beginning would be a drop below 1260 in the SPX or below 11400 in the INDU.
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