S&P500 Headed Now To 1350
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May 04 2012
S&P500 accelerated lower as expected after a slow upward movement from 1393 to 1403, which was identified as a corrective leg. For now, we still have only three wave fall, which was our minimum expectation as mentioned in the video on April 30. But because of a flat formation in wave B, which is a corrective leg, our primary view suggests that market will move impulsively lower, towards 1350.
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