This move in SPX is very hard to count as clearly impulsive, but one idea is today's top was part of a ii in a 3-3-3-3-3 expanding diagonal on the hourly chart after the (i) ended with 3 waves . If so, more down is coming.
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#21
Posted 10 March 2017 - 04:32 PM
#22
Posted 10 March 2017 - 08:35 PM
300 point move since the election and we have a bunch of bears around here....
Go figure!!
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#23
Posted 11 March 2017 - 12:41 PM
There's still no net debt issuance by the federal government and the debt still being paid down (another $60 billion this week). The second part should end next week.
Estimates are that the government can continue to run on special measures without issuing debt till November. It's been moved back from August.
Edited by Data, 11 March 2017 - 12:51 PM.