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The Stock Market Started Another Downtrend Last Friday

Published 08/03/2015, 03:09 AM
Updated 07/09/2023, 06:31 AM

It's my (c) wave and it will have 5 sub waves down that could last about 5 days. The 1st sub wave-1 down started last friday.

This (c) wave should break the S&P 500 200 day moving average at 2068 and could stop at 2048 the bollinger band low point. 2068 is -35 and 2048 is -55 points from our current friday close of 2103.

I "know' what the stock market will do next! After this new (c) wave is complete we will start a

New elliott wave- 6 up (ew6) with another set of a/b/c waves back to the upside. This bearish elliott

Wave pattern has been repeating since the S&P 500 2134 top, back near the middle of may/2015.

Reference my updated S&P 500 daily chart with the pattern and hourly counts in parenthesis.


S&P 500 Daily Chart

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