If we break 8500 then we could see a retracement of about 50-60% hit various support levels on the way down. to between 7,600 - 6,800. We would then see some sideways action before wave 3 which could take us up to the 12,500 range.
Ask yourself 4 questions before any trade. 1. Cash On Hand, 2. Amount Willing to lose, 3. Earnings Goal, 4. The Timeframe it could all happen in.
Not financial advice. Do your own research, starting here of course!
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