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corrective wave 2

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same situation as shown in the chart

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following the spx500 count, we are in the of wave 2 of wave 5, wave 5 to last at least 15 months from february 2016

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we are in the wave 2 of 5 ( wave 5 of the bull market which began in 2009 ) on sp 500, it should go back at about 2000 14700 then 14200 on ftse mib, then it should go up at 19-20k for the next year following sp 500

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at least 10% fall from 9000, so 8000 is expected but 7700 is very likely

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on the monthly chart histograms tell us that a bull cycle is beginning, but first a pullback

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this is what will happen

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when macd does not go below and makes a minimum at 0 it's a bottom of a bull market now it's the opposite, the top of a bear market

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head and shoulder of histograms, histograms lost their strenght means that a bearish cycle is beginning 3775 then 4000 then 3700

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MA50 crossed above MA200 on the 4H