I've had this wave count for a long time, an expanded flat starting from last Oct. I was waiting for one more high to go with this count, but it may be in place now. There is a lot of fear right now in the market and fear begets fear and more panic, until you get a viscous cycle. If Friday is red, there is strong chance we could get a Black Monday. It is very risky to hold if we are under 200 day MA.
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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.