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Important floor have built now at yellow line below. Expecting further upside to complete corrective wave C which can go as high as 62 (origin of earlier impulsive intermediate wave 4).
Risky week ahead. There is considerable resistance from 2080-1950. If Hillary wins, there should be a great buy opportunity in this market the next few days.
First up is the 200 SMA just below last Friday's price. Next is two strong fib levels at 2062 and 2042.
If 1950 and the long term trend (purple line) breaks next week and closes below on the weekly chart, I...