"One thing I would like to interject is we are in an election year and I just don't see them letting this thing drop like a rock until we are past the elections. I don't know how they do it but I believe they would interject as much as needed, like they did ahead of 2000 year fears and that election."
hmm. we did *not* drop like a rock before the 2000 elections??
the slope of hope is not bringing the participation of the electorate, and the exuberance of the market of the last few months hasn't filtered down to them. if they want to cheer up America, they'd dump the strategic petroleum reserve on the market.
If you are using "ending diagonal" in Elliott terms the move from one boundary to another has to be an abc.....if you are using wave theory here the bounce up and return should happen by wednesday...
Notice how the other trips within the diagonal are abc style moves....
I am thinking Q-49 and Q-50 may contain movement for a few days as opex begins in earnest..
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