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Strategies & Market Trends : CFZ E-Wiggle Workspace

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From: pedro_deleon3/23/2019 11:41:02 AM
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kckip
skinowski

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Quick post mortem take

A week or so back, I posted my view that we had a c wave down still ahead, and then higher into a major top.
Instead, the "b" wave went higher.
What I had been expecting, finally showed up on Friday.

Bank shorts and a few others are now PROVISIONALLY on LT buys.
But I don't expect those to hold, here. Not now.
But my sense is that they are leading edge of the coming decline.

My indicators for most short ETFs (eg FAZ) are now on OB daily, and Sell Short weekly.
Per the usual WS mo, I expect SPX to gap down on Monday.
Then a hard reversal, and we glide higher into April.
All my short setups should be in 'better' shape on my LT work, by then.
But still a tad short of what I'd deem a 'lock'. May seems a better bet.
April will be 'edge of your seats' for bears. TWT
I haven't seen an EW count out there that matches my view in detail as of yet.
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