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EVERBODY READY FOR MONDAY?????? SNORT
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the smh looks like it did 5 waves down off of the apr 24 top
i think we are in an abc correction now which should go back up and hit the 50
if it hits the 50 and gets rejected and then takes out 97 on the downside
there is a good chance we are in a wave 3 down on the smh
the rest of the market is not as clear
544 Views · 8 Replies ( Last reply by flyers&divers )
The Morgan Stanley Business Conditions Index fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record.
The 2008 SPX decline seemed to lag this indicator:
Rogerdodger Posted 04 June 2019