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E-mini S&P500 Crashing For A-B-C Drop


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Feb 06 2018

We can see a very strong turn in equity markets which are crashing significantly with DOW having one of its worst days in history. We see volatility and fear picking up strongly based on VIX reading which is breaking out of a wedge so market might be headed even higher, above 40 while S&P500 is making a pullback in three legs, now still wave A. For wave B bounce, keep an eye on that broken trendline support that can become resistance. While stocks are down JPY is expected to stay strong.

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