I lost the detailed post I just made so here's the readers digest version What a weak abc for 2 of 5 I had a grasping at straws thought friday after the close ...can oex/xlf do a flat to up 5 waves for 2 of 5? Looking at this am's ftse cac dax % loss I have to say I don't think so. I could be wrong but I think 3 started before I left friday. I should have taken the gains.
If 1... 394.54 is breached then 3 down of 5 is definitely in motion... (big money for shorts) 350 is a round number and would be nice to see for 3 then a bounce in 4 to just under 1. You know how 4's go.... up down up down up down swings Here's the kicker... 3 could be the bottom of this.... if wave 5 is truncated/failed
xlf premarket trading just broke the 50% retrace...
3 needs to flush all this and more?
then I would like to see a big move up to... @ or near the 200sma 500/550?
and eventually making a new low well below 350 by this time next year
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