S&P 500 IndexShort
ABC Complete?
Updated chart. The triangle is a good indicator that the thrust higher off of the triangle should be the final higher high and complete this rally off of the lows. We're over due a retracement either way if the market decides to go higher or lower. In this rally we haven't had a 38% retracement for the 22 days that we've rallied. Whether you'r ebullish or bearish I'm looking for at least a 38% retracement even if it decides to rally to 5,000.
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