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Another feeble attempt to use Elliot Wave. Little green triangles are Future Trader 71 primary scenario for today. Which was fill the gap then move on up.
Edit- that is a Laguarrie Filter RSI and of course the MACD with Bollinger band at the bottom to help me identify waves.
Last edited by Trades with cats on Fri Jan 24, 2020 11:04 am, edited 1 time in total.
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ES 3316.50 is a number with a lot of recent history.
With the ECB and the Fed both offering to print to infinity I think this virus is going to have to start matching the doomer scenarios before we get the big pullback. Because it is a SARS variant you know they have already been working on a vaccine. So the doomer forecast of 65 million dead in 18 months is a long shot at this point.
Not political, a President Hillary would be saying the same today-
Trump says corona virus totally under control
So they are clueless and very worried about a general panic.
No sign of a rebound so far so maybe it's a down and down day but since mostly it'll be within the yesterday's range, I'll treat it as a range day anyway. And 65 million death, the doomer said? Are they serious?
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