We have arrived at Thursday. I do expect a bounce from here but the larger decline is not over; as indicated by our momentum indicator (top line in red) which is making a new low along with price.However; we do have the second side of a 3-D pyramid in place and the Elliott wave iii decline was 3.618 times that of wave i.
So a bounce. Maybe we should keep our eyes peeled for a quick (over the next couple of days) move towards 1500 on the cash s&p. Maybe.
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