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S&P 500 Index
Short
Updated

Possibility of Regular Flat on S&P

305
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

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Elliott WaveFibonacci
mockingbird12
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Disclaimer

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.