SPX-long term-Wave 4 sharp retrace to 1800 or lower before going

S&P 500SP

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⋅ Oct 8, 2015 6:27 AM

much higher on wave 5. Has a bottom been locked in by wave 4? Don't think so. Often at the end of an Ending Diagonal, it can wipe out all the gains that gave rise to the ED. So we are looking at 1800 or lower. Time will tell.