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Harmonic Patterns Indicating Possible Low Tomorrow


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#1 tradesurfer

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Posted 18 December 2018 - 12:01 AM

There are bullish patterns on XLF, DIA, SPY, IYT 

 

Bearish patterns on VXX, TZA

 

A bullish AB CD  on QQQ

 

Market can still flush down more but  the oods for a huge upward spike seem quite good at this zone.    

 

Also the TRIN hit the same extreme oversold reading as on February 2 2018 on an intraday reading.

 

If the market prints an inside day tomorrow and Wednesday until 2pm also, then gives scenario more credibility.

 

Of the course the patterns can also fail and we could break below 2529, in that case the selling could be crash type of action.

 

I guess it all depends on the Fed, they need to not raise rates and then say they will do only one next year or none.

 

 

See PDF

 

https://drive.google...2v_eMWnpezT2BEG



#2 tommyt

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Posted 18 December 2018 - 12:06 AM

Its pretty much a given, high probability, that the fed raises this week. I actually think we could sell into that and then try and bounce once the news is out.



#3 tradesurfer

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Posted 18 December 2018 - 12:20 AM

So if they raise then it could be a case of Sell the rumor and buy the news...