The long expected correction process is anticipated to start in mid November. Look for wave 5 to complete at/near the channel top. Reasonable expectation is the 2622 level. A correction from there down to support at 2544 would be almost 3%, which fits the expected magnitude. A further struggle follows with a rebound and then another pullback as 2017 transitions to 2018.
*My view is for information sharing and not a market or investment recommendation.
*My view is for information sharing and not a market or investment recommendation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.