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S&P 500 (SPX)

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5,195.22
+14.48(+0.28%)
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Looks like a complicated 3 wave drop is over. We should see a breakout event in next 2 weeks to new highs. Dollar seems to be about to breakout as well which means Gold is toast. Economic data in a sweet spot. earnings should show this over next 2 weeks as well. Looks like we have the next wave to new highs starting here. How biased gamblers can ignore the fundamentals and technical is beyond me. Seems most try to force their will on the market and twist data to fit their model. \r\n\r\n\r\n\r\nCorrective weave not here yet. Best guess is in 3 months time we start a nasty drop of some 20 percent. Front betting here for a failed move is like throwing darts. best wait for the \"TELL\".
Thanks for the info. Any thoughts on Monday's price target given earnings season?
 2408?
I guess you have the answer. Not a breakout of down trend yet. Still too early to declare all clear. Season where we could easily see the start of a decent correction but this slow drawdown suggests otherwise. As for earnings, just watch not only top line numbers, but reaction by the street immediately after. More important is the forward numbers. Some scratch head over a market that defies good news but most likely because the forward number is disappointing. Both equities and dollar in an area that can still go either way. I think in near future both will go in same direction.
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