Agree, expect a bullish counter-trend move next week, might persist for up to ten days IMO; don't forget FOMC on Weds, has been selloff catalyst!
Peterson
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@DaddySawbucks, imho , The perfect storm may well be upon us . I believe over the next several weeks the Virus will show the world with out a doubt ( but mostly in the U.S. ) that opening up the economy , specifically schools , elementary , middle , high school , and colleges going into the fall season ( millions and millions of children and adolescents ) that a second wave will indeed occur by a factor of 2 maybe far worse than that . Reality will set in and that will be the beginning of a sharp decline in the Market and a very long Winter , no good alternatives here , it has to play out , could take years .
mehul1511
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Can you please explain a bit more here!
Peterson
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@mehul1511, Technically it is a fractal play that may follow the roughly two month delay of the indicator sell signals on the chart . The weekly chart persuaded me to make this call , it is not surprising that this is aligned with the election .