My son had a similar analysis, but with the monthly chart that he drew over a year ago, and did not have to redraw! Bottom line: the trend line has NOT been violated despite popular rumors as to the demise of the major US index. Much of it may be due to anxiety over the upcoming midterm elections, which will determine Trump's fate. Do a YouTube search for Trump Rally Texas which is slated for today, Monday, Oct 22, 2018. Filter by posts in the past 24 hours. Also, see NewWars.com for live streams. The servers do no get jammed like the main website (I don't want to get banned, so figure it out for yourselves!)
Maybach007
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@Maybach007, regarding the above mentioned YouTube search....reminiscent of people camping out for the new Apple product (which you don't hear about anymore...do they still do that). Based on that alone, people are predicting a Red Wave sunami, versus a Blue Wave! Will be interesting.
Maybach007
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@Maybach007, "Monthly Chart" meaning - each bar or candle equals one month, otherwise know as "Time frame" - this is probably the longest term chart, especially for a young man younger than 30! (referring to my son Luky!)
Maybach007
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@Maybach007, oops, typo: NewsWars.com, not NewWars.com - big difference I would assume.