Cryptogold14

Trading the Bounce

SP:SPX   S&P 500 Index
The recent correction has come just as expected, and is nearing its initial goalpost. A terminus at 4375 would correspond to a wave 3 down of exactly 1.618 of wave 1. Wave 5 should end somewhere in the green box, which will set up for a bounce. I expect the bounce to at least get up to 4500 and possibly as high as 4750. Wave C down will then commence.
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