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SPX Minor 4 , may have peaked today at 2816.94 or low probabity may extend higher yet to 2826-2836 ? It should move down below 2710 in coming weeks.
2853 close is invalidation for this bearish wave Count.
SPX Minor 4 , may have peaked today at 2816.94 or low probabity may extend higher yet to 2826-2836 ? It should move down below 2710 in coming weeks.
2853 close is invalidation for this bearish wave Count.
we need some capitulation, if it happens, much faster imo...china/dax, yuk
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SPX Minor 4 , may have peaked today at 2816.94 or low probabity may extend higher yet to 2826-2836 ? It should move down below 2710 in coming weeks.
2853 close is invalidation for this bearish wave Count.
we need some capitulation, if it happens, much faster imo...china/dax, yuk
Waiting for the heavy weights to report. Three of them are battling it out in cloud services. I see zero info on that market from my business feed. I guess because it just isn't sexy like Canadian Pot stocks Netflix showed us that the AOL model is still in high regard, therefore for Facebook I assume eyeballs will also be the big deal and with their move towards a venue for cat ladies I don't see anything good from them. Apple has already had a hit piece from Goldman I imagine prodding Tim to throw even more gold coins to the mob so we will see.
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This OPEx Thursday is a pretty bullish day, historically. It may be hard for bears to establish a downtrend day, and they may have to settle for a grinding lower channel day.
Some highlights from Briefing.com:
Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note with China's Shanghai Composite (-2.9%) falling to a four-year low.
The Chinese yuan slipped beneath its low from August.
The 2-yr Treasury note yield touched a 10-yr high.