SETUP - Value is still in a triangle compressing. It may have still one more week compressing and breakout may only be in 2017 start. Keep an eye on the triangle just in case it breaks first
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following the lines. Wave IV is below, though that massive hammer suggests there may not be more down move. Be patient with this one.
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Softer retracement, moving up as expected
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tipua411
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i think so
mailman
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Quick ? - On the daily (1 candle=1day) SPX chart, does each candle represent the trading hours of: 2 a.m to 3:15 p.m central time per the CBOE hours listed on their website?
TAS_is_Goliath_Capital_Growth
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@mailman, If you are looking at CBOE, time is not the futures time because the Pit is not opened so many hours
mailman
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@tas, Thx for getting back... so on tradingview.com... what hours does 1 candle represent on the daily (1 candle=1day) SPX chart?
mailman
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@tas, I think I figured it out... sorry to bother... it's 8:30 a.m central to 3:30 p.m central (regular trading hours). Correct me if I am wrong
hachre
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this is exactly my view as well - hope we're right!