Wave 1 target for SPX--2022 Short

S&P 500 index of US listed sharesFXCM

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⋅ Nov 12, 2015 10:42 PM

2022 is the top of wave 4--a reasonable place for battered dip-buyers to do their thing. Today's selloff came on weak volume, so I expect some kind of rally attempt tomorrow, but I still believe we won't have a significant turn until 2022 or so. GL