just wanted to share an extra layer of confluence, supporting my latest spx post.
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the us dollar, has been very corrective on this entire move down - i will not share my full count (yet).
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>i am theorizing that it breaks down in the month(s) ahead leading into the summer time.
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prior to the breakdown, i'd like to see it backtest the last point of supply. if a rejection is apparent, that is what i believe will cause an aggressive up-thrust in the stock market.
Because I look at the larger picture first in EW and use Fibs extensively I see this as a 1 then 2 up of a five wave down for a larger A wave of an ABC (huge) down of a larger wave 4 possibly for the rext of the decade. I also see a huge market crash, a total world readjustment as far as econommics is concerned starting maybe in the 3rd quarter
El_Chino1
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Lookee man, it keeps making lower highs. Even if it's compressing, I don't think it will change character until I see a HH. Have a look at gold compression too. Tell me you don't expect something big?
Eloquent
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@El_Chino1, i am expecting one of the largest market crashes in history, after summer ends let's talk after