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Strategies & Market Trends : TRIPLE TRADES

OPEN 8.530

-0.5%

10:58 AM EST

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Mevis

To: yard_man who wrote (3679)	2/2/2024 7:38:06 PM
From: Bull RidaH	2 Recommendations Read Replies (1) of 4412

SPX - They say volatility marks the top, and now we find the SPX progressing through 4 touches inside a 5 point megaphone pattern. The big question will be what happens when that 5th touch is made up near 5020. Does it fall from the sky like a shot pigeon, or will it dip, then romp higher still to find the target of the megaphone breakout before reversing near the Elliott Wave Ceiling for this B wave rally located at 5165? The ferocity of the momentum would make one lean to the latter, but stranger things have happened. And there's still a reasonable chance that the meeting of all the upside targets up til now was enough, and no fuel remains for any climb higher beyond today's high.

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