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Not a valid breakdown yet but in case it does (has chances) then it'd be a measured move down.
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Typically the rebound now means the low was in. Let's see.
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Should be a rebound here first then we'll see. 3 legged down has been rare so maybe the low was in.
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An hour before Regular open tomorrow CPI will be unleased on the trading world. Big banks are saying the rent portion should be down so it could be lower than expected. Will see if it takes out the Friday high.
Elliott wave people think the short term top is in, looking for a pullback to set up a run to a new all time high. CPI easing fears of a rate hike followed by Nvidia channel stuffing could be the magic 1 2 punch. Note they are using Apple and Chat GTP as the big tease right now. Just waiting for Jim Cramer to say buy buy buy.
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