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S&P 500 Index
Short
Updated

Possibility of Regular Flat on S&P

If we don't break the 0.9 fib level tomorrow, and make a move down, then we might see a 5 wave correction. Uncertainty before the elections may lead us to one more corrections before it is decided that Trump lost. But if we break the 0.9fib tomorrow, we might see a new ATH right before the ellection that will lead to a triumph of Trump on upcoming elections. 75% probability...
So far, tomorrow is decisive and low risk trade on S&P.
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snapshot I hate my timing in wave analysis. Yet, the movement looks to be predicted, so timing such a small term is almost impossible. Drew out the first wave that is to complete this week.
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snapshot Trump will may have to step down. We are not going to see any stimulus, and Trump will most probably loose the election.
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If we would of had a green day, i'd be closing short. So far so good.
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Closing 50 % of position. Moving SL at 3465 for the rest.
Trade closed: target reached
Target reached on Friday 30 October. I had 25% of position sold there. The rest is put to trailing at 3400. Congratulations!
mockingbird12
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Elliott WaveFibonacci
mockingbird12
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