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Wave 3 down starting on SP


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#11 K Wave

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Posted 18 June 2020 - 09:47 AM

RUT going after the swing high from yesterday....


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#12 Darris

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Posted 18 June 2020 - 10:06 AM

20 Billion in Floating Rate Notes being issued today.



#13 linrom1

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Posted 18 June 2020 - 10:17 AM

Low should come in July, note the bull flag on vix not spx. wink.png

 

 

Wave III. This would you make you a superbear! The bottom would be then around 2008 lows?


Edited by linrom1, 18 June 2020 - 10:20 AM.


#14 K Wave

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Posted 18 June 2020 - 10:57 AM

look like bears held 1440, until that is breached they still have the ball...


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#15 K Wave

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Posted 18 June 2020 - 11:05 AM

SOX been riding the 1 min 900 all morning....if it finally breaches it here, bears could get a foothold...


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#16 K Wave

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Posted 18 June 2020 - 11:11 AM

Above 8.10 on SQQQ, that one will start to look pretty bottomy...


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#17 Russ

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Posted 18 June 2020 - 02:06 PM

 

Low should come in July, note the bull flag on vix not spx. wink.png

 

 

Wave III. This would you make you a superbear! The bottom would be then around 2008 lows?

 

I was not expressing elliot wave degrees, just a third wave down from the early June 200 spx point drop.  I don't expect the March low (which I predicted the sell off in December) to be taken out.  It  may end up looking like this by early to mid July (I probably don't have the wave degree number size correct)... 


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#18 da_cheif

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Posted 21 June 2020 - 09:01 PM

and...IF...bulls do fumble it, yeah it could get ugly.....one side is just about to be overrun...

 

 

theres that 'IF' word again.......-g-